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Friday, Nov 15, 2019

Yahoo to 'carefully' evaluate Microsoft bid

Yahoo said on Friday it would evaluate a hostile bid for Microsoft "carefully and promptly" after the software giant made an offer for the Internet giant.

business Updated: Feb 01, 2008 21:10 IST

AFP
Hindustantimes
         

Yahoo said on Friday it would evaluate a hostile bid for Microsoft "carefully and promptly" after the software giant made an offer for the Internet giant.

Yahoo said it was examining the "unsolicited proposal" and added that its board "will evaluate this proposal carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders."

Microsoft said earlier on Friday it had offered to buy Yahoo for 44.6 billion dollars in a bid to compete with Google in the crucial battle for online revenues.