Monday, 7 April 2008

Yahoo! Responds to Microsoft's 3 Week Ultimatum


In a response to Microsoft, a letter signed by CEO Jerry Yang and chairman Roy Bostock, Yahoo! stated that, "We will not allow you or anyone else to acquire the company for anything less than its full value." they further add that, "We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction."

1 comment:

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