Microsoft News Tracker

Frankly, I’ve mostly been ignoring the Microsoft-Yahoo acquisition soap opera since the daily doings have been at best tedious, repetitive, and inconclusive. Today, however, Microsoft finally took the velvet glove off the steel fist with a letter to the Yahoo board from Steve Ballmer. The net is that unless the Yahoo board starts to seriously negotiate the details of the acquisition and an agreement is concluded within three weeks, Microsoft will cut the amount of the financial offer and wage a proxy fight to replace the board and carry out the acquisition. I still think the deal is a really bad idea, but the lack of any apparent alternative for Yahoo means there is no stopping it.