| No problem. Your response is very limited to this case, while I thought you asked a more general question about why you might pass on a Microsoft offer. Consider the edge cases, which is always a great idea. If Microsoft offered them $1 today, clearly it is not appropriate to sell, despite Microsoft taking them time to be interested. If they turn down the offer, and 6 months later grow to 10M users from 100K, clearly the terms should change. Now your point seems to be that they won't change because Microsoft won't offer any terms again, ever. However, in my experience, this is not how M&A negotiations usually go. The door hardly ever closes for good. And it is quite common for people to walk away only to resume shortly thereafter (months) with different terms. Now whether Microsoft decides to pursue it or not is a different story, and I don't know enough about the internal workings of Microsoft to know the likelihood of that. As for other offers from other buyers, I don't see why not. I don't use Xobni now, but if it is a general solution that is generally applicable to email, that solution is presumably valuable to more than just Microsoft. |