Legg Mason, Yahoo's second largest shareholder, said it wants Microsoft to increase its offer. Prominent Legg Mason fund manager Bill Miller said "Microsoft will need to enhance its offer if it wants to complete a deal." But he also said it "will be hard for Yahoo to come up with alternatives that deliver more value than Microsoft will be willing to pay."
Yahoo's stock is up from $19 to $29 since the deal was announced. Yahoo better not get too greedy or they may find their stock right back down near $20 again.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment