Yahoo! rejects Microsoft offer: too little money

According to the Wall Street Journal , Yahoo’s board of directors intends to reject Microsoft’s offer to buy the company for $ 44.6 billion. According to a person familiar with the situation, Yahoo believes that this offer "extremely underestimates" the real value of the company. Recall that Microsoft now offers $ 31 for each share, which at the time of the offer was 62% higher than the market capitalization of the Internet portal. According to the same source, the board of directors will not consider proposals lower than $ 40 per share, and that in any case this proposal does not take into account the risk that the transaction will not receive permission from the regulatory authorities.

Yahoo plans to send Microsoft the official response on Monday.