Yahoo says MS undervalues it
Yahoo has said that the Microsoft offer for taking it over , is grossly undervalued. It says Yahoo will be generating more that double the current cash flow from 1.9 billion to 3.7 billion in the next three years, and hence the Microsoft bid is too low. It has made a detailed presentation on its strategies for the next three years in a filing with SEC as one of the attempts to thwart MS takeover efforts. Only time will tell as to whether and when will this takeover happen.