Yahoo Inc.’s board plans to reject Microsoft Corp.’s bid to buy the Internet pioneer, The Wall Street Jornal reported on its Web site Saturday.
Board members concluded the unsolicited $44.6 billion offer massively undervalues the Web pioneer, a person familiar with the situation told the newspaper.
The bid was made public Feb. 1
What could this mean for Yahoo and Microsoft?
Probably drops in shares. Yahoo probably won’t have a good year ahead. They’ve got a few key people who just left. Yahoo has Flickr, delicious.com and pretty cool stuff for developers. They lack a good ad network though.
Microsoft, being Microsoft would go on of course. But their internet arm still is pretty weak. They’ve recently bought a couple of firms to enhance their mapping services. I wish they do something with social networking instead. And Microsoft needs to have a video streaming service like YouTube. They have one that no one uses so it’s not counted.
Google is probably smiling happily right now.
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