When MSFT stated that it would not see any reason to bid against itself, YHOO’s stick price had reason to swoon.
But that was early last week and officially after the market close on Friday.
Over the weekend, Yahoo! responded and said it was open to a deal, at a higher price. In that context, I wonder: why is YHOO down $0.50?
I understand had YHOO not answered that way, it should be down… but if now they are seeing we just want more money… then it should not be higher… but it should not be lower, either.
Initially I thought this deal would get done at $50B (up from $44.6B). But now I think it will be done in the $47.5B range… mind you, I am saying that for entertainment value, don’t make any investing decisions based on that.
Disclaimer: I sold 87.5% of my holdings at $29 / share but remain LONG YHOO with no stake in MSFT.
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