Yahoo Rejects Microsoft/Icahn Offer

By Digital Trends Staff July 13, 2008

Yahoo Rejects Microsoft/Icahn Offer

In no uncertain terms, Yahoo has turned down a joint bid from Microsoft and billionaire investor Carl Icahn to take over the company. Under the terms, Microsoft would have acquired the search engine business and Icahn would have got the rest of Yahoo.

Yahoo claims that it was given just 24 hours to consider the offer and there was no time for negotiation, the BBC reports.
In a statement, Roy Bostock, Yahoo’s chairman, said:

"It is ludicrous to think that our board would accept such a proposal. This odd and opportunistic alliance of Microsoft and Carl Icahn has anything but the interests of Yahoo!’s stockholders in mind."

The bid offered $33 a share for Yahoo (up from the $31 Microsoft offered in February, and much higher than the $23.16 at which Yahoo’s stock closed on Friday), but required the immediate removal of the entire board.

But the rejection is hardly the end of things. On August 1 Yahoo will have its annual meeting, where Icahn, who owns 5% of the company’s stock, will try to replace the board. Microsoft has said it will enter into fresh takeover talks if a new board is elected.

Editors' Recommendations

Digital Trends Staff

Digital Trends has a simple mission: to help readers easily understand how tech affects the way they live. We are your…

Computing

Best home internet deals for September 2024: AT&T, Spectrum, Optimum and more

how to optimize wifi network for work from home wrt1900acs router position location direction improve signal

for better or for worse, much of our modern world relies on the internet to access the very basic things in life, whether it's your banking information or your entertainment content; having a good internet connectino is important. Luckily, there are quite a lot of options out there these days, and some of them go beyond just providing you with internet, and can often include options for unlimited phone plans and TV channels. That's probably great if you enjoy streaming movies, live sports, and TV shows since they tend to eat up a lot of data, so going for a bundled deal can certainly save you quite a bit of extra money in the process.

So whether you want to cut the cord, improve your online gaming experience, or just upgrade your sluggish internet service to a faster one, this up-to-date roundup of the best high-speed internet deals and bundles is the place to start. Thankfully, the ubiquity of high-speed internet means you can get the bandwidth you need at cheaper prices than ever before. As fiber-optic networks roll out across the country, gigabit internet is also more accessible. You should also check out these wireless router deals to save even more money on equipment rental fees.
Best home internet deals

Computing

Best 2-in-1 laptop deals: Turn your laptop into a tablet for $349

Lenovo Yoga 9i 14 Gen 7 laptop sits on a small desk folded like a tent.

If you find that your traditional laptop isn't quite doing it for you in terms of workflow, then you might want to consider taking some of what the best tablets and the best laptops have and combining them together in the form of 2-in-1 laptops. These can offer a ton of versatility to your workflow, such as being able to use them in handheld mode for drawing or presenting, as well as the fact that most, if not all, are touch-enabled, so you don't even have to use a mouse if you don't want to.
There are, of course, a ton of great choices out there, but some of the best 2-in-1 laptops can get quite expensive, especially when you're buying them from some of the best laptop brands out there. That's why we've gone out and looked for our favorite 2-in-1 laptop deals to help save you some effort. Be sure to check all our picks below.

Asus Chromebook Plus 2-in-1 -- $349, was $499

Computing

Best Apple Studio Display deals: Save $299 on 5K monitors

Apple Mac Studio and Studio Display.

If you're working on things that require a high-end monitor with excellent resolution and image fidelity, then the Apple Studio Display is what you're looking for, especially if you're in the Apple ecosystem and using things like the Apple MacBook Pro and the Apple MacBook Air. As a 5k monitor, it blows a lot of other monitors out of the water, although it does come with a deep price tag, so if you're the sort of creative pro that's looking to up their game, you'll likely want to grab yourself a good monitor deal. Lukcily, you can get some good discounts on the Apple Studio Display, depending on which model your looking for, and if you're thinking of pairing this with a new Apple computer, check out some of these Apple deals as well.
Apple Studio Display — $1,300, was $1,599

The Apple Studio Display is one of the more premium monitors on the market. It’s not to be confused with the Apple Pro Display XDR, which is Apple’s professional, high end monitor. And while the Apple Studio Display and Pro Display XDR have some similarities, the Studio Display comes in at a much lower price tag. It has a 27-inch screen that comes with 5K resolution and 600 nits of brightness, as well as support for one billion colors and the P3 wide color gamut. It also has a six-speaker sound system with Spatial Audio, which makes it a great place to sit down and watch movie.