Microsoft responds to Yahoo Bid Rejection

Feb 11 2008, 11:21pm CST | by Luigi Lugmayr

As reported Yahoo rebuffed Microsoft's offer earlier today. Microsoft issued a statement in response to the Yahoo's rejection of the bid.

Microsoft still wants to pursue the transaction and says that they are offering shareholders superior value and the opportunity to participate in the upside of the combined company.
I agree that Yahoo! shareholder get superior value, if there will be an upside in a combined company is highly questionable.

Microsoft may be better off bribing Webmasters around the globe with the $42 billion to block the googlebot and have their site just be indexed by Microsoft Live.
Via Microsoft site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.