Microsoft To Yahoo: Decide In Three Weeks

Much Microsoft displeasure over Yahoo's delays

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Steve Ballmer and company published a letter to their counterparts at Yahoo, which was urged not to let this window of opportunity pass.

Redmond’s Microsoft HQ kept the lights burning this weekend, as CEO Ballmer appended his signature to a little missive destined for Yahoo’s board. Patience has worn down at Microsoft regarding their takeover bid, as evidenced by their letter to Sunnyvale, helpfully published for public consumption.

The critical bit comes in the fifth paragraph:

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 for the Yahoo! board.

The substantial premium reflected in our initial proposal anticipated a friendly transaction with you. If we are forced to take an offer directly to your shareholders, 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.

Ballmer noted a handful of factors supporting his position:

During these two months of inactivity, the Internet has continued to march on, while the public equity markets and overall economic conditions have weakened considerably, both in general and for other Internet-focused companies in particular.

At the same time, public indicators suggest that Yahoo!

Microsoft To Yahoo: Decide In Three Weeks
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  • http://www.ex-klusiv.com Shayne

    In order for yahoo to compete with the likes of google, it need to join forces with msn, the company outlook has been flat for the past few years, Taking this deal will definately boost yahoo up against the likes of google and other search engine giants.

  • shuvayu

    People do hate Google for it’s sucess and as of now they are hell bent on seeing that microsoft takes on yaho so that MSN comes up within reach to Google.As for me I still believe Google is the best and my loyalty shall remain the same.Anything that is tough is finally rewarding.What ever happens I still feel Google will continue to remain a cut above the rest.

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