Previously Yahoo after a week of it initial statement gave clean statements that it would reject Microsoft’s Offer and set up an alliance with Google. According to tech crunch Yahoo board met secretly on Friday to discuss and made a decision on the Microsoft Offer. According to latest releases Yahoo have decided to reject Microsoft’s offer this has been verified by a publication by Wall Street Journal, According to wall street Journal Yahoo will be sending a formal letter to Microsoft declining there offer by Monday.

The reason for rejection is simple Yahoo considers that Microsoft has undervalued Yahoo assets and have placed a bid that is lower then that expected by Yahoo, in simple terms Yahoo have decided to accepted the offer by Microsoft if the value of bid is increased 12 billion to 56.6 billion dollars i.e. $40 a share.

Now the balls are in the court of Microsoft if they can jump up 12 more billion into this accusation they would gain control of Yet another powerful heritage of the Web.

I predict the accusation will take place and Yahoo will be accquired by Microsoft, Microsoft CEO ‘Steve Ballmer’ has also
mentioned that if the accusation of Yahoo takes place the brand of Yahoo will live only powered by Microsoft. Some predict that Microsoft will shut down MSN or Hotmail and merge them to Yahoo but i have my doubts as Microsoft will keep them both alive and in competition with each other…. and with Google.

Tags: Accusation, Apple, Google, Hommer Simpson, Microsoft, MSN, Yahoo, Yahoo Accusation, Yahoo Rejects