You might have read in my earlier blog post about Microsoft bidding $44.6 billion for Yahoo but the story is far from over. With internet analysts and experts predicting a few days back that it was a done deal Yahoo has managed to prove them wrong. The analysts predicted that it would be difficult if not impossible for Jerry Yang, the Yahoo CEO to convince Yahoo shareholders against the deal; but believe it or not Jerry Yang has actually managed to convince share holders otherwise and the other day rejected the deal from Microsoft stating that the deal “undevalued” Yahoo.
Many people say that this is yahoo’s trick to increase the price for the company while some day that this might not be the best business decision and instead is a decision based on the anti-microsoft sentiment. Whatever, be the reason the deal is off as of now but microsoft has said that it will continue its efforts to acquire Yahoo and also has said that it was “unfortunate” that Yahoo has rejected the bid.
Anyways, lets see where this takes us and lets hope all is best for technology and the internet.