Yahoo CFO speaks out on Microsoft sale deadlock
Jorgensen says that there is still a chance for Microsoft to snap up Yahoo, but only if an improved offer is put on the table
Yahoo’s CFO Blake Jorgensen has said that the door is still open for
Microsoft to come to realistic terms if it wants to snap up the internet search
Jorgensen spoke out after Microsoft’s approach for Yahoo stalled on the
grounds that the $43bn (£21.5bn) offer significantly undervalued his company.
‘We are not opposed to a deal with Microsoft. What we are opposed to is
seeing it at a value that discounts the underlying value of the company,’
Jorgensen said in an interview with
Jorgensen added that Yahoo’s first-quarter results were still set to come in
on target despite the added pressure of dealing with Microsoft’s advances.