Yahoo responds to Microsoft ultimatum: more money please

[T Sizzles]

Yahoo responds to Microsoft ultimatum: more money please

Yahoo still thinks Microsoft is undervaluing their company

By Thomas Ricker

As expected, Yahoo has responded to Microsoft's 3 week ultimatum this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman). In the "Dear Steve" response to Ballmer they state, "we will not allow you or anyone else to acquire the company for anything less than its full value." They go on to state 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." Make no mistake about it, this is corporate war and will likely end with Yahoo's best engineers working for Google.

http://www.engadget.com/2008/04/07/yahoo-responds-to-microsoft-ultimatum-more-money-please/

[Head Tax]

What a surprise.

[JoeMal]

Wow that's funny they told MS huh

[Ibdc]

Honestly, I know like 3 people that actually use Yahoo. I know there are people that do use it, but I really don't think they're worth any more than what MS is offering.

[BTHR Zero X]

i use Yahoo as well as many other and i think its good that yahoo are standing their ground againts M$

[punkskater2448]

Some one needs to!

[T Sizzles]

Microsoft is paying more per share then the current value of the share. Yahoo just doesn't want to get bought out unless it's a complete ripoff for MS so the execs can take the money and run.

MS will just initiate a hostile takeover, and it will be the end.

[default]

oh well

YAHOO shares = down
MSFT shares = up (actually even today)

[fatman999]

yahoo just needs to give up they're PoS company for what m$ is paying them and then say it was agreed to in an act of drunkenness

[T Sizzles]

Yahoo isn't bad, but if AOL takes them over........ I don't want to even think what would happen.