{"id":26,"date":"2008-02-11T20:20:59","date_gmt":"2008-02-12T04:20:59","guid":{"rendered":"http:\/\/fogcityjournal.com\/wordpress\/2008\/02\/12\/yahoo-rejects-446-billion-takover-bid-by-microsoft\/"},"modified":"2008-03-01T09:26:09","modified_gmt":"2008-03-01T17:26:09","slug":"yahoo-rejects-446-billion-takover-bid-by-microsoft","status":"publish","type":"post","link":"https:\/\/www.fogcityjournal.com\/wordpress\/26\/yahoo-rejects-446-billion-takover-bid-by-microsoft\/","title":{"rendered":"Yahoo! rejects $44.6 billion takover bid by Microsoft"},"content":{"rendered":"<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.fogcityjournal.com\/images\/photos\/yahoo-microsoft.jpg\" height=\"301\" width=\"400\" \/><\/p>\n<p><strong>By Jason Bennert<\/strong><\/p>\n<p>February 11, 2008<\/p>\n<p>Internet giant Yahoo! today formally rejected the $44.6 billion                  takeover bid made by Microsoft earlier this month.<\/p>\n<p>The Microsoft bid for Yahoo! is worth $31 a share. However, in                  a statement released today, the Yahoo! board of directors concluded                  that the company is worth more than that.<\/p>\n<p><!--more--><\/p>\n<p>&#8220;After careful evaluation, the board believes that Microsoft&#8217;s                  proposal substantially undervalues Yahoo! including our global                  brand, large worldwide audience, significant recent investments                  in advertising platforms and future growth prospects, free cash                  flow and earnings potential, as well as our substantial unconsolidated                  investments,&#8221; the Yahoo! statement said.<\/p>\n<p>Yahoo! was founded by Stanford University graduate students Dave                  Filo and Jerry Yang in 1994. It managed to survive the dot-com                  bust of the early 2000s that claimed its original competitors                  such as Infoseek and Excite but has faced serious competition                  in the last few years from Google. Microsoft officials did not                  have an immediate response to the rejection of their offer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jason Bennert February 11, 2008 Internet giant Yahoo! today formally rejected the $44.6 billion takeover bid made by Microsoft earlier this month. The Microsoft bid for Yahoo! is worth $31 a share. However, in&#8230;<\/p>\n","protected":false},"author":6413,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[84,82,85,86,83],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-news","tag-google","tag-microsoft","tag-search-engines","tag-takeover-bid","tag-yahoo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yahoo! rejects $44.6 billion takover bid by Microsoft - Fog City Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fogcityjournal.com\/wordpress\/26\/yahoo-rejects-446-billion-takover-bid-by-microsoft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yahoo! rejects $44.6 billion takover bid by Microsoft - Fog City Journal\" \/>\n<meta property=\"og:description\" content=\"By Jason Bennert February 11, 2008 Internet giant Yahoo! today formally rejected the $44.6 billion takeover bid made by Microsoft earlier this month. 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