MSFT To Buy YHOO For $20BST
Proving once again that it isn't a good idea to spurn suitors with deep pockets, Yahoo! is in talks again with Microsoft to sell out for $20 billion - less than half the amount they were offered over the summer. Oh, and the idiots on the board that rejected that offer? GONE.
Not sure where the final valuation will end up share price-wise, but the earlier offer was at $33 a share. I'm guessing the investors are wishing they had that $33 now that the share price is $11.50.