Yahoo denies Microsoft

Remember the $40 billion bid that Microsoft made with hopes to buy Yahoo? Well, it has been rejected by Yahoo, because they consider the bid is too low.

What are the facts to consider it a low bid? According to Yahoo, there are 3 main points: 500 million users, their (big) presence in Japan which isn’t being taken under account, and investments made on their online ads.

Other details of this deal: currently each Yahoo share is priced at $31, but if Microsoft really wants to buy the internet giant, the share value will probably get raised to $35, or even $40.

Jerry Yang, from Yahoo, comments:

The proposal is not in the best interests of Yahoo and our stockholders. We believe Microsoft’s proposal substantially undervalues Yahoo.

HarperCollins offers books for free (on the web)

In other web related news, the publishing company HaperCollins will start putting some of their books online, and they will be available (to read) for free. Basically, they want to offer the same experience to web users, as people who actually visit bookstores.

Some of the recently added titles include: The Witch of Portobello by Paulo Coelho, I Dream in Blue: Life, Death, and the New York Giants by Roger Director, and also a cooking book - Mission: Cook!: My Life, My Recipes, and Making the Impossible Easy by Robert Irvine.

While web users can read the book for free, there is no way to print it, or download it to transfer the content to another device - the only way to read is online, at the Hapercollins website.

Sources - Reuters and NYTimes

Guest post by Tiago of Gadgetizer