$44.6 Billion is not a Fare Deal for Yahoo
Jerry Yang, the CEO and the co-founder of Yahoo revealed the reason for rejecting Microsoft’s offer to takeover Yahoo @ $44.6 Billion. According to him, this amount is too low, he also wrote that Yahoo has emerged as an independent player in Internet market, they are expecting a growth of almost 75 % till 2010. By then, Yahoo would be a $ 75 Billion company.
Yahoo is a recognized brand, said Jerry! They have about 500 million users accessing its free service across the globe every day. He also disclosed his partnership with some of the top players like Comcast and eBay
According to me, this is very good news for Google as they have already planned to oppose this bid on legal grounds. As internet is a free bird which Microsoft is trying to make a licensed availability. But no worry as both Microsoft & Yahoo even when together cannot defeat Google.
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