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Microsoft gives Yahoo 3-week deadline in buyout offer
Apr 6th, 2008 | By Rosh PR | Category: FinanceMicrosoft Chief Executive Steve Ballmer sent a letter to Yahoo’s board of directors this morning threatening to take the company’s offer to buy Yahoo for $31 a share directly to shareholders if directors don’t reach a deal within the next three week.
Microsoft has earlier bid for yahoo on Feb 11 2008. The Yahoo shareholders rejected Microsoft’s bid, after which Microsoft has threatened to take the issue to the shareholders. Senior executives from Microsoft and Yahoo have reportedly met twice during the past few months, but have not entered into meaningful talk.
Yahoo has tried and failed to find an alternative to Microsoft’s offer that would substantially increase Yahoo’s value, including potential deals with Time Warner and News Corp. Ballmer warned that Microsoft would lower its offer if the deal is not done by April 26.
[...] Announced Articles & Press Releases wrote an interesting post today onHere’s a quick excerpt Microsoft Chief Executive Steve Ballmer sent a letter to Yahoo’s board of directors this morning threatening to take the company’s offer to buy Yahoo for $31 a share directly to shareholders if directors don’t reach a deal within the next three week. Microsoft has earlier bid for yahoo on Feb 11 2008. The Yahoo shareholders rejected Microsoft’s bid, after which Microsoft has threatened to take the issue to the shareholders. Senior executives from Microsoft and Yahoo have reportedly met twice [...]
[...] l . i . n . k . e . r wrote an interesting post today on Microsoft gives Yahoo 3-week deadline in buyout offerHere’s a quick excerpt … value, including potential deals with Time Warner and News Corp. Ballmer warned that Microsoft would lower its offer if the d eal is not done by April 26…. [...]
[...] of director of Yahoo has replied to recent Microsoft’s letter to Yahoo saying the offer is low and they are not interested in the offer. They state that value of Yahoo! [...]