Yahoo & Microsoft

I wrote this piece in English (hoping to have done well it) because this financial article must be understands also from possible foreign consumers, gives the importance that a fusion would have on the web.

Yahoo reported financial results for the first quarter on Tuesday (yesterday, april 22) that were slightly above analysts’ expectations. And executives at Yahoo are likely to use the numbers to argue anew that Microsoft’s takeover offer undervalues the company. Yahoo raised financial forecasts for the remainder of the year. But the results appear to have done little to change expectations among investors that Microsoft would raise its offer. After the report was issued, Yahoo shares fell about 16 cents in after-hours trading. They had fallen to $28.54, down 1 cent, in regular trading. The results, which come just five days before a deadline Microsoft imposed for the two companies to reach a negotiated merger agreement, are certain to become ammunition in a public battle over Yahoo’s valuation. Yahoo’s board has twice rejected Microsoft’s unsolicited bid, saying it undervalued the company. The Jan. 31 offer was initially valued at $44.6 billion, or $31 a share, representing a 62 percent premium over Yahoo’s value on that day. After a decline in Microsoft’s shares, its value has fallen to about $43 billion. Analysts have said that to persuade Microsoft and its own shareholders that it deserved a higher valuation, Yahoo needed to report results in the high end of its forecast and raise its financial projections for the rest of the year. Last week, Google reported results that beat analysts’ forecasts, raising expectations that Yahoo would do so as well.
Microsoft has already begun to play down any possible effect of Yahoo’s results.

Who will live he will see!