Just saw this on the News channel!

They said Yahoo rejected the offer from Microsoft because of the offer of $31 per share “massively undervalues” the company.

Well,Yahoo would be unwilling to consider an offer below $40 per share, which would represent a $12 billion increase over Microsoft’s original $44.6 billion bid. It is not clear if Microsoft would be willing to increase its bid by such a significant amount.

Since Microsoft’s initial bid, there has been a significant amount of discussion about antitrust concerns. Google’s chief legal officer David Drummond, writing on the company’s blog, said “Microsoft’s hostile bid for Yahoo raises troubling questions. This is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.”

Well i am very interested how things will be..Who will get they Key!?:)

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