MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

The WSJ has it that at least privately MSFT has offered as much as as $32 or $33 per share, well above the $29.12 value of its original cash-and-stock offer as of Tuesday's market close. MSFT did not in fact cut its bid, but raised it. We had some internal debate as to the nature of public vs. private offers, but we're taking the WSJ to have a trustworthy source, as they have throughout this whole ordeal. --The Industry Standard

There's a whole new round of back-and-forth in this saga as of this morning with Yahoo's retort, which has some prognosticators saying that the company bought itself some time, pending their earnings announcement.

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

This is a prediction that MSFT will actually act out its threat to drop its bid in 30 days, and assumes therefore that Yahoo! refuses to come to the negotiating table in a way that MSFT finds acceptable in the same time period. The grounds for judgement, however, will ONLY have to do with MSFT cutting its bid within 30 days -- its reasons for doing so lie outside the scope of this prediction, given the innumerable twists and turns that this saga is sure to take between now and then.

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."

MSFT sticks to its guns, cuts bid in 30 days

The Standard — Mon, 07 Apr 2008 14:51:12 -0700

However, Henry Blodget over at SAI makes a good point that:

"Given Microsoft's clear warning and advance notice of a bid cut, Yahoo's board is presumably risking significant legal liability if it refuses to even engage with Microsoft."