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The timing of Microsoft's offer to buy Yahoo couldn't be better. Yesterday's market close -- $19.11 -- marked a four-year low for Yahoo. And while Microsoft's offer to buy Yahoo for $31 a share marks a 62 percent premium over that close, Yahoo share prices closed on a higher price, $31.11, as recently as November 2, 2007. Reporting earnings earlier this week, Yahoo CEO Jerry Yang and president Susan Decker promised display advertising innovations would have the company turned around by 2009. Impatient investors tanked the stock on more promises of an eventual turnaround. But would taking Microsoft's lowball offer be too rash a move? Or is it getting out cheap? Let us know in this latest Valleywag poll.
Is Microsoft's offer too low?
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5:56 AM on Fri Feb 1 2008
By Nicholas Carlson
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