Yahoo’s Reply To Microsoft’s Ultimatum
Internet, Main, Microsoft, Windows Live, Yahoo April 7th, 2008The Board of Directors of Yahoo! Inc., today sent a reply to Steve Ballmer, Chief Executive Officer of Microsoft Corporation. 
The response letter states “At the same time, we have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders. Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo!, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders.”
The letter also states : “We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction.”
In short, either Microsoft pays more for a peaceful takeover, or prepares itself for a Corporate War !
View: Yahoo!
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April 7th, 2008 at 8:00 pm
[...] BLOG.MACMAGAZINE wrote an interesting post today on Yahoo’s Reply To Microsoft’s UltimatumHere’s a quick excerpt The Board of Directors of Yahoo! Inc., today sent a reply to Steve Ballmer, Chief Executive Officer of Microsoft Corporation. The response letter states “At the same time, we have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders. Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo!, including any strategic benefits to Microsoft, and on terms that provide certaint [...]