Yahoo today restated its opinion that Microsoft’s $44.6 billion buyout bid underestimates the online giant’s “combination of unique assets,” but for the first time stated publicly the strengths it would bring to the Microsoft merger, MarketWatch reports. In an investor presentation for the SEC, the company argued it would take Microsoft "from sub-scale position to strong positions in search and display."
Yahoo also noted that the deal would allow Microsoft to capitalize on its strong position in the Japanese and Chinese markets. Some investors remained critical: “Our interpretation of the decision to issue the release is that Yahoo sees fewer ways that it can gain leverage over Microsoft to force a raised bid," said one analyst. (More Yahoo stories.)