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Archive for 07/04/2008
Surprise - Yahoo not opposed to Microsoft deal at right price
07/04/2008 by swordfish.
Yahoo Inc is not opposed to Microsoft Corp’s bid for the Web media company, as long as it is at the right price, Yahoo’s board said on Monday in a letter to Microsoft chief executive Steve Ballmer.
“We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders,” the letter said. “Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders.”
Source: Yahoo News UK
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