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Microsoft Calls Yahoo Rejection "Unfortunate," Pursues Hostile Takeover
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Posted by Donster on: 2008-02-12 14:05:40 602
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By Jason Mick @ DailyTech
Having been rejected by Yahoo!'s board, Microsoft commented that it was "unfair" that Yahoo! did not embrace its "full and fair proposal to combine" the companies. Now, Microsoft indicates it is planning to bypass the board and take the issue directly to a shareholder vote. Microsoft states, "We are offering shareholders superior value and the opportunity to participate in the upside of the combined company. The combination also offers an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market."
Read on...
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