Yahoo In The News!
There seems to be a new party looking to take over Yahoo. And it just so happens to be a single person making it a reality. And that person is Jonathan Miller, AOL’s former chief executive. Now this is still a rumor, but you all know how rumor’s like this become true. And the price he’s looking to pay is between $20 to $22 per share, Which comes out to $28 billion to $30 billion. This price is much lower than the bid from Microsoft, which was $47.50 billion just a few months ago. This just shows how bad the economy is, because Yahoo is truly worth more than what Microsoft offered. The only way I think Miller could make this deal happen is if he did a hostile takeover. I really don’t think Yahoo would agree to a $30 billion deal. Anyway, this news of the bid for Yahoo has made Yahoo stock go up 8 percent, and could very well go up more tomorrow.
