Microsoft's CEO Steve Ballmer has threatened directly Yahoo's board with a hostile takeover which may reduce the company's value below their initial takeover offer. In a letter, the software leader has said through its ruthless chief executive that it will take those measures if a deal will not be reached within three weeks.
"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," Microsoft Chief Executive Steve Ballmer wrote in a letter sent to Yahoo's board yesterday.
The initial offer made by Microsoft on February 1 was $31 a share, adding up to a grand total of approximately $44.6 billion but after a downfall in Microsoft’s shares, it is now worth about $42 billion, still making it, if finalized, the biggest-ever takeover in the high-tech industry.
http://www.efluxmedia.com/news_Microsoft_Readies_to_Push_Yahoo_for_Hostile_Takeover_16020.html
Its about time that Microsoft backed them into a corner. In my opinion Yahoo should just give up and save the time and energy and possibly even money, fighting a losing battle. Aside from the anti-trust laws, I don't see any possible way that Yahoo could avoid this from happening.
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