Apr
07
War of Words Continues Between Microsoft, Yahoo
Posted in: Uncategorized
NEW YORK (AdAge.com) — Microsoft is no longer playing nice. In a stern April 5 letter to the Yahoo board of directors, Microsoft CEO Steve Ballmer said it will give Yahoo three weeks to conclude a friendly deal to merge the two companies — or it will cut the bid's value and take the case directly to shareholders. Still, Yahoo is not budging. It fired off a letter to Microsoft early this morning, maintaining that Microsoft's current $31-a-share offer to acquire Yahoo continues to undervalue the company and its assets.
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