Yahoo will reject Microsoft because the purchase price is too low

Yahoo's Internet logo will refuse to buy Microsoft because the purchase price is too low - the first sign Yahoo's board may have prepared to negotiate and sell Yahoo.

The American Business Journal The Wall Street Journal cited an unnamed source saying Microsoft's offer to buy Yahoo shares for $ 31 per share is a "stealing" attempt by the company and that Yahoo is unlikely to consider anything under $ 40 a share - double Yahoo's stock price in January 2008.

At $ 40 per share, the value of Yahoo buys in shares and cash can be as high as $ 51.1 billion, higher than Microsoft's original offer of $ 44.6 billion.

If completed, the Yahoo merger into Microsoft will become the world's largest technology company and form a formidable rival to the Web search giant and online advertising Google. Yahoo is considering options, including negotiating a higher price and the ability to shake hands with Google to control Yahoo search engine activity and keep Yahoo independent, according to the Journal. .

Yahoo will refuse to buy Microsoft.Photo: AFP

The newspaper reported that Yahoo's leadership met on Friday.

There is no emerging solution and the Wall Street financial (US) is betting the most certain outcome for Yahoo's Board of Directors to negotiate a higher selling price.

" Are they really considering the price of no less than $ 40 or is it a negotiating tactic to try to get a higher price ," said Global Crown Capital analyst Martin Pyykkonen. " For me, this is like a negotiating strategy. Maybe they will end up with prices of 35, 36 or 37 USD / share ."

Last Monday, US financial group analyst Citigroup launched various scenarios, including Yahoo seeking a higher purchase price, finding another buyer, managers who would object. the acquisition or attempt to find a partner with Google.

Wall Street thinks a higher takeover price is the highest option but $ 40 a share "will seem very challenging." Citigroup said that the price of $ 30 -31 per share is "reasonable".