The Microsoft Letter Sent To Yahoo! Board Of Directors

Posted: Apr 6 2008, 6:00am CDT | by , Updated: Aug 11 2010, 7:12am CDT, in News | Technology News

 
The Microsoft Letter sent to Yahoo! Board of Directors
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

As reported earlier over our Reuters News Ticker, it looks like Steve Ballmer and the Microsoft lawyers worked through Saturday to write a not so nice letter to the Yahoo! board.

The best part of the letter is this paragraph: " If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo! board. The substantial premium reflected in our initial proposal anticipated a friendly transaction with you. If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal."

Now Yahoo! needs to act or it will come to a hostile take over, if the shareholders want to take the Microsoft money. If that is going to happen it will sure be rather unpleasant for the Yahoo! employees.

The open letter to the Yahoo! board got published on the Microsoft site for everybody to read.

This story may contain affiliate links.

Loading...

Find rare products online! Get the free Tracker App now.


Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

Advertisement

comments powered by Disqus