Yahoo rejected MSFT’s initial offer. Now YHOO needs a higher offer from MSFT or some white knight to offer even more. A White Knight would be a buyer who would offer more and not destroy all the exisitng jobs for everyone at YHOO something sure to happen if MSFT wins the bid. The Board is under pressure as MSFT offered a much higher price than YHOO was bringing in the market pre offer. This is pretty typical in take over situations. Will MSFT offer more, will a White Knight emerge, stay tuned…..
Professor Elam
Accounting & Investing Info for San Antonio A & M
Professor Elam 
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