Yahoo To Microsoft/Icahn: Just Make Us An Offer Today
Yahoo (NSDQ: YHOO) has responded to the fresh rumblings from Icahn and Microsoft (NSDQ: MSFT), by saying that it’s been willing to enter into direct talks with Microsoft on a sale. It then notes that Microsoft previously signaled its lack of interest (even at the last offered price), and that it’s now looking to partner with Icahn as a way to win that search deal it still wants. The basic message: Enough with the games; just make an offer now and we’ll take it if it’s around the old price. The insinuation (and quite possibly correct) is that Microsoft really isn’t interested at all in an outright acquisition, whether it’s talking to the current board or Icahn’s board. It dangled that possibility in this morning’s announcement to get investors excited, but what it really wants is the search deal. Release.
SEE ALSO: Microsoft Still Interested In Yahoo Deal, Even An Acquisition; But Shareholders Must Replace Board
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Microsoft, Yahoo, carl icahn
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