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I Bet $31-Per-Share Sounds Pretty Good Right About Now, Eh?

September 2, 2008 at 2:32 pm PT

After enjoying a few brief months of hostile-bid-inspired investor enthusiasm, Yahoo’s share price has resumed the steady decline it’s been charting for some time now.Yahoo closed at $18.75 today. Not only is that the stock’s lowest level in five years, it’s well below the $19.18 it was worth on Jan. 31, the day before Microsoft (MSFT) announced its $31-per-share offer for the company. Funny now to think that Yahoo’s (YHOO) directors argued that that figure “massively undervalued” the company. Funnier still to think that at points during discussions, the Web’s perennial underachiever believed itself to be worth $40 a share.

Tagged with: hostile bid, investor, John Paczkowski, Microsoft, share price, Web, Yahoo

comments so far. Add yours.

Sam Harrison

yahoo didn’t want to sell to micrsooft, plain and simple. the board had to make up some lame reason, that board should all be fired…in a way they are, the stock will continue to decline as investors vote with their feet, walking away from a no-upside stock that won’t accept a buyout, isn’t growing fast, and has lost the web war to google
stephen chaisson

whats the matter with the stock price of yahoo since they spurned msn buyout? the price is approaching half of offered value. wheres the bright ideas of yahoo that will return value?