The chief executive of Yahoo Inc,Jerry Yang is convinced that the company he started in a Silicon Valley trailer 14 years ago is worth more than the $47.5 billion that Microsoft Corp had offered for the Internet pioneer.

Microsoft’s takeover bid was a smart move and becuase of that he may only have a few months to convince wall street about its rebuff.and further analysts won’t be surprised if Yang is either replaced as CEO.if he cant convince or he may be forced to consider accepting a lower offer if Microsoft comes knocking at his door again. Now in such a situation Jerry Yang is in pressure to deliver results and shareholder value.

It is believed by Kessler and other analysts that Yahoo’s stock price will surrender most, if not all, of its 50% gain since Microsoft made its initial offer on January 31.And Yahoo’s market value hovering around $30 billion,would be the anticipated sell-off.It is also reported that Yahoo shares fell 18.6% to 14.74 euros ($22.79), three hours before trading opened in NewYork.

Categories: Business
Tags: bid, microsoft, price, Shares, takeover, value, yahoo