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Microsoft gives Yahoo a deadline
Microsoft drew a line in the sand this weekend.
The company is offering nearly $41 billion to buy out Yahoo. Now, it's issued a warning to Yahoo. A deal must be reached by April 26. If not, Microsoft said it would launch a hostile takeover at a less attractive price. Yahoo has rejected Microsoft's overtures. Yahoo's stock has been falling since the bid was first announced in January. (at that time the deal was worth 44.6 billion.)
Today, Yahoo says it doesn't oppose a deal -- it just wants a better one.
Posted by Lori Stassi on April 7, 2008 10:53 AM PT | Permalink
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