Microsoft says No - Almost

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I was listening to some of the major Microsoft shareholders talking on Bloomberg. They are asserting that Microsoft should not - and would not - up their offer for Yahoo!. They say they have already transferred some value to Yahoo!, as MS shares are slightly down and Yahoo! shares are significantly up. So, Microsoft should walk out of the deal, and let the Yahoo! shares fall and buy shares out of the open market at about $25 [Microsoft's offer was $31, which Yahoo! says too low].

Of course, I have also heard Yahoo! shareholders - including the second largest shareholder in Yahoo! asserting that the offer was indeed too low.

But, funnily, almost everyone saying no has assumed that this is inevitable. That's what struck me - I am sure that with $20 billion in cash, Microsoft will almostly surely take over Yahoo!. I shall keep watching this with interest.

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