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April 27, 2008

Microsoft deadline passes with no Yahoo response

Posted by David Hunter at 9:59 AM ET.

Steve Ballmer’s three week ultimatum to Yahoo’s board of directors to accept the Microsoft acquisition offer passed yesterday with no comment from Yahoo or specific action from Microsoft to carry out the threatened reduction of the offer amount and proxy fight. The next episode in this soap opera is expected early next week and predictions range from Microsoft withdrawing their offer to a full out hammer and tongs proxy battle. The most telling commentary however is likely the desire of Yahoo employees to take the money and Microsoft employees to forget about the whole thing.

Filed under Acquisitions, Coopetition, Employee Retention, General Business, Microsoft, Yahoo

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