Microsoft Gives Yahoo Deadline On Offer

[Pale Rider]

Microsoft Gives Yahoo Deadline On Offer

2008-04-05 15:08:12

SEATTLE (AP) — Microsoft Corp. sent a letter to the Yahoo Board of Directors Saturday setting a three-week deadline for moving forward on its more than $40 billion buyout offer.

The letter signed by Microsoft CEO Steve Ballmer said Microsoft will take its case directly to Yahoo shareholders and work to elect a new slate of directors, if the board doesn't respond by the deadline by April 26.

The bid to buy Yahoo was made in January and announced Feb. 1.

At the time, Microsoft offered $44.6 billion, or 62 percent above Yahoo's market value. The deal is currently valued at about $41 billion, based on Friday's closing share prices.

Yahoo's board formally rejected Microsoft Corp.'s bid, saying it undervalues the company.

The Silicon Valley company has since explored alliances with Google Inc., News Corp.'s MySpace.com and Time Warner Inc.'s AOL, but no alternative to Microsoft's offer has surfaced.

Articles continues here...

[Pale Rider]

My computer home page has been yahoo ever since I've owned one. But if yahoo partners up with google, myspace or AOL, it won't be anymore.

[5stringJeff]

A hostile takeover in the tech world. Very interesting stuff.

[Yurt]

whats wrong with google?

[Pale Rider]

whats wrong with google?

They're too darn liberal.

[trobinett]

Come on Pale, the WORLD, is liberal.

Hanging on the internet is bogus anyway, fuck the assholes.

Eye to eye, and face to face, thats the only way.........

[Pale Rider]

Come on Pale, the WORLD, is liberal.

Hanging on the internet is bogus anyway, fuck the assholes.

Eye to eye, and face to face, thats the only way.........

I agree brother... people are always far more "polite" face to face.

[Hobbit]

I agree brother... people are always far more "polite" face to face.

[Pale Rider]

HEY.... MAGGOTfrommaine....