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Archive for 07/04/2008

Surprise - Yahoo not opposed to Microsoft deal at right price

yahoo-officesandbranded-car.jpgYahoo 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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