Just as Yahoo's share prices drop below the $13 mark, one of its investors seems to be getting nervous and has proposed that Microsoft buy Yahoo at a 74 percent premium of the current share price. That's compared to the 62 percent premium initially offered and rejected back in February, so it's certainly a bold offer for a company who's shares have recently sunk to levels unseen since 1998. Mithras Capital owns more than 1.9 million shares or 0.14 percent of Yahoo. Under its proposal "Microsoft would unload Yahoo's Asian assets and non-search businesses, extract $3 billion worth of cost savings and receive $2.8 billion of tax benefits, meaning the software giant would pay $10.3 billion for Yahoo's search business," reports Reuters. While some analysts have suggested that a Microsoft-Yahoo deal is still possible, it has seemed...
[read full story]
Your Web Site
