RSS feed. Thanks for visiting! Thanks for visiting! This site posts interviews, news, stories and jobs about Canadian advertising, marketing, public relations and technology companies - "the connected community". Go ahead, subscribe to our feed!

It’s official, the Yahoo board has rejected and offer from Microsoft, according to a release on their site, “After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments. The Board of Directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders.”

The Times is now reporting that they are now exploring a merger with AOL, but can a combined AOL-Yahoo take on Microsoft or Google? It is no secret that AOL has had its share of problems over the last few months and most recently and parent Time Warner has said it is looking to spin off the AOL division.

Microsoft had been offering $31 per share for Yahoo, but the board has valued the company in the $40 per share range and would not accept anything less.

Categories: Features
Tags: AOL, Microsoft, Yahoo