Microsoft sets a three-week ultimatum for a Yahoo decision
Posted: Mon Apr 07, 2008 6:20 am
http://www.cnet.com/8301-13515_1-991223 ... 7-1_3-0-20
Following earlier news that Microsoft was recalculating its $44.6 billion bid for Yahoo, it has become clear what the company has decided to do. Microsoft has thrown down the gauntlet, as evidenced by a letter Saturday from CEO Steve Ballmer to Yahoo's board of directors. Here's the quote that sums up the entire letter
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."