Tuesday, March 18, 2008

Yahoo pushing for higher price?

Bloomberg.com: Worldwide:
"Yahoo! Inc., owner of the most- visited U.S. Web site, said sales will climb at least 19 percent in each of the next two years, justifying its refusal of a $44.6 billion takeover offer from Microsoft Corp.

The stock climbed the most since Microsoft's $31-a-share bid on Feb. 1 after Yahoo said sales growth goals for 2009 and 2010 are higher than analysts estimate. That deserves ``a significant acquisition premium'' offer, Yahoo said."

No comments: