Yahoo Shareholder Asks Microsoft To Re-Bid At $22. Good Luck With That.
Microsoft is obviously thrilled to see this kind of corporate chaos at Yahoo, although they are unlikely to even respond to the proposal. Yahoo, as usual, looks like amateur hour as their shareholders conduct (or try to conduct) negotiations behind their back.
Mithras Capital partner Mark Nelson said he will send a letter proposing the deal to Microsoft and Yahoo this evening.
Meanwhile, Yahoo was down another 8.1% today, to $12.65, from yesterday’s close of $13.76.