Yahoo no longer rules out agreement with Microsoft
Yahoo, the search engine operator that has been the subject of intense courting, is—at least in its statements—moving closer to Microsoft, the persistent bidder. Yahoo’s top executives wrote in a letter to Microsoft CEO Steve Ballmer that the company would not oppose a deal with the software giant if it were in the best interests of its shareholders.
The intensely courted search engine operator Yahoo is approaching the stubborn bidder Microsoft, at least verbally. Yahoo's top management wrote in a letter to Microsoft boss Steve Ballmer that they would not oppose a deal with the software giant if it was in the best interests of their shareholders. However, the price must reflect Yahoo's value. Microsoft increased its pressure over the weekend and gave Yahoo's management a three-week ultimatum to accept the offer of 31 dollars per share. Otherwise, the company will turn directly to Yahoo shareholders in order to complete the largest takeover in the industry.
Most recently, Microsoft had assured that most jobs and Yahoo's headquarters in Sunnyvale would be retained in the event of a takeover (see
).
Most recently, Microsoft had assured that most jobs and Yahoo's headquarters in Sunnyvale would be retained in the event of a takeover (see
).
