Yahoo Sets Bullish Financial Targets
By Shira Ovide
Word Count: 526 | Companies Featured in This Article: Yahoo, Microsoft, Google
Yahoo Inc. sought to paint a rosy picture of its financial future as the Internet company pitches its rationale for turning down a takeover offer from Microsoft Corp.
Microsoft in February lobbed a hostile bid to buy Yahoo, a deal now worth about $42 billion. Yahoo turned away the offer as too low. In materials made public Tuesday, Yahoo offered its clearest outline yet of how the company expects to grow on its own. (Read Yahoo’s presentation.)
Yahoo plans to use the presentation as it begins about a week of meetings with its largest shareholders. The discussions essentially act as …
