Forget $31 per share for Yahoo, Microsoft will pay $19.50.
                   
rapidfeeds.com     Jul 20, 2008            

Jul 21st 2008. During yesterday's 2008 fiscal fourth-quarter earnings conference call, Microsoft Chief Financial Officer Chris Liddell detailed the most recent Yahoo offer. Before looking at the Online Business division's dismal results, let's start with Yahoo search, which Microsoft clearly sees as its best chance of ever catching Google. Steve Ballmer and Co. aren't willing to pay much, either. According to details Chris revealed yesterday about the most recent offer to Yahoo: $1 billion for core search, $2.8 billion for senior debt and $3.9 billion for stock, valued at $19.50 a share. Nineteen fifty? Nearly six months ago, Microsoft would have paid $31 per share for all of Yahoo. Now, Microsoft wants search for a pittance. Chris asserted that "our proposal is a compelling one." More at Microsoft-Watch. Jul 20th 2008. In... [read full story]                    


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