Is Microsoft Re-evaluating Its $44.6BN Yahoo! Offer?
The $31 a share offer for Yahoo! that Microsoft made on Jan. 31 was 62% higher than Yahoo!'s closing price the day before the offer was disclosed. So with the Fed Chairman saying the U.S. may be in a recession after losses tied to the collapse of the subprime mortgage market, it would hardly be surprising if the world's largest software company didn't revisit the offer terms and begin to wonder whether $31 a share is too much. And now Bloomberg.com is reporting that this is exactly what's happening.
In a sharp turnaround, the Republican candidates has opened a 5-point lead on his Democratic rival and is seen as a stronger manager of the economy, according to a Reuters/Zogby poll.
AFP - Georgia's South Ossetia and Abkhazia regions planned rallies Thursday to ask Russia for recognition as independent states, two weeks after Russian troops occupied both provinces.
