Microsoft Bid was too low

By Tom | February 14, 2008

“The global online advertising market is projected to grow from $45 billion in 2007 to $75 billion in 2010. And we are moving quickly to take advantage of what we see as a unique window of time in the growth — and evolution — of this market to build market share and to create value for stockholders.” said Jerry Yang, the chief executive of Yahoo, in a letter to shareholders late Wednesday explaining his company’s rejection of Microsoft’s buyout offer.

Stumble it!

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