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February 11, 2008
Yahoo: T. Rowe Price Likes Microsoft's Price
According to Bloomberg this morning, T. Rowe Price, one of Yahoo's largest shareholders, is set to tell Yahoo that it likes the Microsoft offer and wants a deal. With institutional investors accounting for something like 70% of Yahoo's float, and hedge funds piling in, this won't take much more to tip into being a done deal.
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Hi Paul, I am a big fan of your site, thanks for the great writing. I just Twittered this to you but in case you didn't catch it T. Rowe Price is actually one of the largest shareholders in Microsoft not Yahoo. In the Bloomberg article they were stating that Microsoft should hold firm on their offer. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYR2FvLjZm0I