Sorry Microsoft, But No.

It appears that Yahoo will be rejecting the bid by Microsoft for it’s takeover, according to an article here.

The Journal source said the company would be unwilling to consider an offer below $40 per share, which would represent a $12 billion increase over Microsoft’s original $44.6 billion bid. It is unclear if Microsoft would be willing to increase its bid by such a significant amount.

This should put an end to many speculations on what would happen if the bid was successful, although I’m sure there will still be people out there, determined that Microsoft will raise it’s bid. Honestly, I don’t think they will, and MS should get off of their own backsides and work on Live, because with some simplifying, they could challange the great G.

If the bid had been accepted, Microsoft would have gone into debt for the first time in it’s existance, despite it’s massive backups of money. Microsoft’s shares have also dropped 13% since the announcement of the bid, and Yahoo’s have increased 51% in value.

If the bid was accepted, I’m sure the whole thing would be heavily scrutinized, as Google said:

“Microsoft’s hostile bid for Yahoo raises troubling questions. This is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.”

That was the chief legal officer of Google :P

What will become of this? It’s become pretty messy, I guess everyone gets to wait and see if Microsoft push their prices up, to buy shares that will probably deflate when the purchase is complete :/