Microsoft (MSFT) Unlikely To Make Another Bid For Yahoo (YHOO) In The Near Future
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The Wall Street Journal reported that Microsoft (Nasdaq: MSFT) released potential proxy board members from their agreements to serve in the event Microsoft made another bid for Yahoo (Nasdaq: YHOO).
The WSJ said, "members of the proxy board received a short email from Microsoft's law firm Sullivan & Cromwell Thursday morning, five days after Microsoft announced it was dropping its unsolicited bid for Yahoo after an unsuccessful three-month courtship. Neither a Microsoft nor Yahoo spokesman could be reached for comment."
The move should signal to the market that Microsoft isn't planning on making a new imminent bid for Yahoo. However, the market doesn't agree, as Yahoo has been moving up over the past few days.
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msft + yhoo
can you say takeover ?some one is buying a lot of yhoo shares?look at the volume
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dont care what MSFT say
tom on May 8, 2008 08:22 PMIt was obvious since from the beginning that MSFT does not want Yahoo anymore. Because of all these headline hypes, all these yahoo investors who bought right now will have a higher risk because when YAHOO dropped 20%, market movers have already bought at $23 and is ready to dump YAHOO any time with more than 10% profit in their pocket ...... I would cash out at $26-27 if I know all these crazy hype will happen. Moreover, everybody said MSFT will be back to the bargain table at $20, now at $26, yeah, fat chance MSFT will come back again. IMO, with or without the deal, small investors are losing out and is better to stay away for now......