Yahoo Gets Taste of What Happens If Microsoft Pulls Out

Posted by: Rob Hof on April 4, 2008

titanic_sinks_drawing.jpg
Yahoo’s stock is down at least 3% in after-hours trading today after someone close to Microsoft implied to Reuters the software giant might offer up even less than its $31-a-share initial offer. “Worsening market conditions,” you know. Of course, they’ve been worse ever since Microsoft made the offer more than two months ago, so it’s tough to see what has changed very recently.

Just goes to show this is probably little more than the latest twist of a negotiation process leakier than the Titanic. I’m still betting the deal gets done, even at a small premium. But it would appear that Microsoft, which already signaled last week it was getting impatient, thinks that signal didn’t get through strongly enough. Bet it has now.

Reader Comments

dg

April 4, 2008 8:38 PM

Which company is the Titanic, Yahoo or Microsoft?

Mike

May 4, 2008 8:01 PM

Micro$oft

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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