Yahoo and Microsoft buyout news

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smaxor

smaxor

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Oct 17, 2006
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As you might know microsoft pulled their offer off the table at the end of last week to re-analyze. Everyone thought they were going to decrease the offer. Looks like that's not the case and on top of that Balmer in a letter released tonight basically said we're going for the throat. You can come nicely or struggle but either way you're coming with us.

This thing could get really interesting. Seems like Jerry Yang pissed Balmer off at a cocktail party one time or something to him he didn't like. Balmer responded back "little china man I can buy and sell you like you're a commodity bitch"

Letter from Balmer.
Microsoft Sends Letter to Yahoo! Board of Directors: Microsoft Sends Letter to Yahoo! Board of Directors
 


Steven Ballmer said:
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.
Click to expand...

Well hot damn, old Steve is really going for the jugular. Interesting indeed.
 
Some times aggression really works well ! Well Yahoo has no choice now But to just give up to Microsoft.
 
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