We have got Global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments, and hey you are offering as peanuts like $44.6bn? Hey man are you crazy? You sure you are not buying some condo, and buying us, the Yahoo!?
Jerry Yang seemed quite hurt while telling the media that the buyout offer posed by Microsoft was too low, and he was really shocked to learn that Microsoft didn’t think of them that highly. Whereas Redmond wasn’t too happy about this rejection, as they and the other pundits of industry thought that the offer by Microsoft was too much high, and Yahoo even deserved less.
According to the media reports, Yahoo is trying to raise their ante, and they are hoping that Microsoft will buy them somewhere around $40billions, and perhaps Microsoft also knew that price underneath, and there is every possibility that they would go for it.