Yahoo on Monday responded to Microsoft's merger deadline, reiterating its rejection to the software giant's buyout bid as "substantially" undervaluing the company.
Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
Having been informally rejected by Yahoo, the software maker is awaiting a formal rejection before going ahead with its next move, likely appointing its own slate of directors, a move that it has until 14 March to make.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
Yahoo's board has decided Microsoft's $31-per-share offer "massively undervalues" the company, according to a report in The Wall Street Journal. Yahoo is expected to formally reject Microsoft's offer, the Journal reported.
Many Australians are drooling at the prospect of 100Mbps broadband, but Trujillo seems to have a bigger endgame in mind. As Telstra poaches customers from the PSTN and NBN, he'll leave more poison pills than we've seen since Phar Lap.
With Yahoo apparently off the table, what's Microsoft's back-up plan? Try again for Yahoo or go for a new target?
As Microsoft's deadline for Yahoo to accept its takeover bid passes, the tech world is still waiting for information from either company on their wedding plans.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
Trial pitting Oracle against PeopleSoft turns into mating ritual of sorts, as sides quibble over money.
Despite brave words, the figures show Tablet PCs failing to sparkle. Mixing with the mainstream may be their only hope.
Why did Intel risk the fate of its Pentium 4 by failing to offer lower cost DDR components for P4 systems? Was this some kind of conspiracy? David Berlind has a theory.
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