Yahoo’s board is expected to officially reject Microsoft’s takeover bid concluding the $44.6 billion offer “undervalued” the company, and want an offer equivalent to $40 a share, rather than the $31 offered by Microsoft.

The company’s share price has increased so much since the offer was made that Yahoo’s market value now exceeds Microsoft’s offer, despite a 62 per cent premium. Microsoft would have to offer a further $12 billion for the firm to match the $40 per share offer, which would make the Yahoo deal its biggest ever takeover.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, M&A