Microsoft Replies To Yahoo Rejection
The response to Yahoo’s “no thanks” to a $44.6 billion acquisition held the not-so-subtle threat of a more aggressive takeover action by Microsoft.
Microsoft won’t take the brushoff from Yahoo, making the next move an interesting one to contemplate. As expected, Microsoft responded to Yahoo’s rejection by suggesting they will keep moving forward with the takeover.
“The Yahoo response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!