Yahoo 'needs more time' before Microsoft's proposal

After the shocking "intrigue" from the software giant, Yahoo officials said it needed "more time" to consider the possibilities, not to exclude both refusal and continuation. " in independent ".

In a statement posted on the Yahoo website over the weekend, the Internet giant said it was "scrutinizing Microsoft's voluntary offer", about paying Yahoo shareholders or $ 31 cash, or 0.9509. Microsoft common stock in exchange for every Yahoo stock.

" We will evaluate all of the strategic directions Yahoo can take now, including continuing to be an independent company. This type of evaluation process is very complex and takes time. ".

Analysts said that after Microsoft's offer, it is likely that Yahoo will receive the hunt from many other giants like Comcast, Viacom or General Electric.

However, not all corporations have the financial resources strong enough to compete with Microsoft, or own a business culture that fits perfectly with Yahoo.

Not yet enlisted

The reason Microsoft wants to buy Yahoo is to create a powerful alliance that will challenge Google's dominance in Web search and digital advertising.

According to Microsoft, the company has been negotiating "behind the scenes" with Yahoo about this issue for 18 months, but has been unsuccessful due to the "solid rock" that is the former CEO of Terry Semel.

Now, Semel has officially withdrawn from all positions in the Yahoo apparatus, so Microsoft decided to publicly open his offer to Yahoo shareholders.

Yahoo's stock price after a disastrous week of decline due to poor business results in the fourth quarter of 2007 and the bright prospect of 2008 suddenly turned and jumped vigorously to 48% thanks to information. news about Microsoft.