Citigroup says Microsoft likely to raise Yahoo offer
Posted by Tom Warren on 25 March 2008 - 17:00 · 3 comments & 1804 views
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Full name: Tom Warren
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Full name: Tom Warren
Forum name: creamhackered
Contact: via forum PM
Submissions: Normal · Headline
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#1 Posted by 
neufuse on 25 Mar 2008 - 21:18
- This coming from a company that doesn't know how to manage money.... I bet they will raise it but I don't trust citigroup anymore...
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(1 reply)
#2 Posted by wrack on 26 Mar 2008 - 04:55
- +1 for not trusting citi group. I recently transferred a lot of money from my Citi account to another bank account and it came after 10 days and a lot of angry phone calls and arguments.
Their excuse was "We are facing a sudden increase in the number of transactions." WTF..! I have decided to close all 3 of my Citi accounts and be done with the damn bank. I am also going to ask them the interest loss and also the interest I have to due to the money coming in late. -
#2.1 Posted by neufuse on 26 Mar 2008 - 17:10
- (wrack said @ #2)+1 for not trusting citi group. I recently transferred a lot of money from my Citi account to another bank account and it came after 10 days and a lot of angry phone calls and arguments.Hey you got lucky, I had to close out 25 CD accounts and it took 7 months and about 30 phone calls, 10 letters and a certified letter....
Their excuse was "We are facing a sudden increase in the number of transactions." WTF..! I have decided to close all 3 of my Citi accounts and be done with the damn bank. I am also going to ask them the interest loss and also the interest I have to due to the money coming in late.
The brokerage also raised its price target on Yahoo's stock to $34 from $31, saying it believed Microsoft remained committed to its offer and "is capable of and willing to" increase that bid to conclude the deal.
"While we continue to see no other competing bidders, we believe Yahoo is aggressively pursuing strategic alternatives," analyst Mark Mahaney said in a note to clients.
One possibility is a tie-up with Time Warner, whereby Time Warner would contribute its online content assets to Yahoo in exchange for a stake, the analyst said.
"We believe this could serve as a forcing function to a higher Microsoft bid."