Yahoo tells Microsoft to increase $41B bid
edition.cnn.com
edition.cnn.com
They tried to make me go to Redmond
I said no, no, no.
Yes it's been bad, the stock'll come back
We'll grow, grow, grow
We ain’t got a clue
But Mr Ballmer thinks we do
He's tried to make me go to Redmond
I won't go, go, go.
I’d rather be at home by the Bay
But can't just sit here an' pray
Cos there’s nothing, nothing they can teach me
That I can't learn from Dr Eric Schmidt
41 B's not enough
But we're worth more than that small stuff
They’re tryin to make me go to Redmond
I said no, no, no
Yes it's been bad, the stock'll come back
We'll grow, grow, grow
We ain’t got a clue
But Mr Ballmer thinks we do
He's tried to make me go to Redmond
I won't go, go, go.MS is gonna save some money in this deal come May.
"Moreover, Steve, you personally attended two of these meetings and could have advanced discussions in any way you saw fit. "
Microsoft has put forward their offer and is awaiting a response. It's not as though Yahoo has forgotten about it -- the next move is theirs to make.
Microsoft has basically said "Hey, guys. We made an offer that's more than a 60% premium over your share price. If you won't accept that (or even let us know what price you will accept) we'll take this right to your shareholders and do this the hostile way at a price that's lower than our current offer."
The ball's in Yahoo's court on this one.