Search This Blog

email: bernard.english@gmail.com

website: https://sites.google.com/site/taipeibm/
PLEASE INFORM ME OF ANY BROKEN LINKS!

Bernard M -- Taipei English Tutor

Bernard M - English Conversation / TOEFL / IELTS 一對一英文會話

Saturday, February 23, 2008

Microsoft ready to get rough with Yahoo

FROM San Francisco Chronicle,Verne Kopytoff, Chronicle Staff Writer, Wednesday, February 20, 2008

Microsoft Corp. is poised to try a hostile takeover of Yahoo Inc. by nominating its own slate of directors if the Sunnyvale Web portal fails to start negotiating its sale, according to a person familiar with the matter.

Microsoft's plan comes a little more than a week after Yahoo formally rebuffed a $44.6 billion acquisition proposal that would combine the two technology industry pioneers. The unsolicited offer substantially undervalued Yahoo and was not in the interest of its shareholders, Yahoo's board said.

Unwilling to take no for an answer, the Redmond, Wash., software behemoth is preparing a hostile bid - a proxy fight - that would ratchet up what is already among Silicon Valley's most high-profile takeover sagas. Such a tactic would open the door to months of campaigning by both companies for the hearts and minds of investors, who would be buffeted by conflicting viewpoints about Yahoo's future.

Follow by Email

Followers