Microsoft bid for control of Yahoo board may start this week
Seattle PI | at | by Mike
Microsoft Chief Executive Officer Steve Ballmer said he doesn't plan to raise his $44.6 billion offer for Yahoo Inc., setting the stage for a fight to control the board that may start this weekend.
"We are offering a lot of money," Ballmer said Wednesday at a conference in Milan, Italy. "If Yahoo's shareholders like it, that's great. We are prepared to go forward without a merger." On April 5, he threatened to oust Yahoo's board and consider lowering the bid if the directors failed to negotiate within three weeks.