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As expected, Yahoo has responded to Microsoft’s 3 week ultimatum this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman). In the “Dear Steve” response to Ballmer they state, “we will not allow you or anyone else to acquire the company for anything less than […]

Microsoft Corp. today told Yahoo Inc. that it has three weeks to agree to its unsolicited $42 billion takeover bid or face a proxy fight and possibly a lower offer.
“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 […]