A quiet Saturday… nope. The Wall Street Journal just reported that ‘a person familiar with the situation’ says that the board of Yahoo has decided to reject the 44 billion dollar offer from Microsoft because they believe this offer undervalues the company. According to the market Yahoo is worth exactly 40.72 Billion at this moment with their stock trading close to $30.
So what is the value of Yahoo? Is Microsoft going to raise its bid? Is Yahoo just starting to play this game to get more offers from News Corp? I don’t have the answer, but I’ll be watching this weekend.