Microsoft gives Yahoo 3-week deadline
Seattle PI | at | by Mike
Microsoft on Saturday gave Yahoo Inc. a three-week deadline to reach an agreement in response to its $44.6 billion acquisition offer, threatening to launch a hostile takeover attempt if the companies are unable to strike an amicable deal.
Read the full text of Microsoft CEO Steve Ballmer's letter to Yahoo In a letter to Yahoo's board, Microsoft Chief Executive Steve Ballmer wrote that the Redmond company believes its original offer represents an even larger premium than it did originally, given trends in the market and Yahoo's business.