court papers showed Microsoft offered Yahoo!a $40 per share buyout in January 2007

From: Victor S.
Sent on: Monday, June 2, 2008 7:26 PM
Poor Yahoo!....not
 
 
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According to reports from Bloomberg, court papers showed Microsoft (Nasdaq: MSFT) offered Yahoo! (Nasdaq: YHOO) a $40 per share buyout in January 2007.

Lawyers for a Yahoo investor group said Yahoo! officials, "gave the back of their hand" to Micorsoft's efforts to negotiate a deal.

Microsoft dropped its bid for Yahoo! in May after the Yahoo! rejected its raised $33 per share offer. Recent report suggest the two sides are talking again.

News Provided by Acquire Media Corporation

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