Microsoft Gives Yahoo Deadline
Internet, Main, Microsoft, Windows Live, Yahoo April 5th, 2008In a letter addressed to Yahoo’s board of directors, Microsoft CEO Steve Ballmer has given Yahoo has three weeks to accept Microsoft Corp’s $31-a-share cash-and-stock
offer. “If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors,” Ballmer wrote.
Then he threatened to reduce Microsoft’s offer if Yahoo failed to meet the deadline: “That action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal.” According to a person close to the search engine, Yahoo’s board is currently reviewing the letter.
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April 6th, 2008 at 12:49 am
[...] montanakaimin.com wrote an interesting post today on Microsoft Gives Yahoo DeadlineHere’s a quick excerpt In a letter addressed to Yahoo’s board of directors, Microsoft CEO Steve Ballmer has given Yahoo has three weeks to accept Microsoft Corp’s $31-a-share cash-and-stock offer. “If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors,” Ballmer wrote. Then he threatened to reduce Microsoft’s offer if Yahoo failed to meet the deadline: [...]