In this letter to Yahoo, Microsoft said: “It has now been more than two months since we made our proposal to acquire Yahoo! 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.”
Yahoo responds:
“Our Board carefully considered your unsolicited proposal, unanimously concluded that it was not in the best interests of Yahoo! and our stockholders, and rejected it publicly on February 11, 2008.
We are open to all alternatives that maximize stockholder value. To be clear, this includes a transaction with Microsoft if it represents a price that fully recognizes the value of Yahoo! on a standalone basis and to Microsoft, is superior to our other alternatives, and provides certainty of value and certainty of closing.”
We have to give Microsoft our vote on this one, Yahoo is acting like it never got an offer, and the offer is really good if you ask us! Merge and compete with the big G 
April 11th, 2008 at 11:12 am
Yes,
I think Yahoo is going to be a part of Microsoft soon unless they come up with something really cool untill April 26.
It is really bad that yahoo missed out on the first offer - $44 billion, it would be even worse if yahoo will miss out on the second offer - $41B as it would probably be even lower when Microsoft would make a hostile takeover.
However, the day Microsoft announced that they are interested, Yahoo stock went up really high.
April 11th, 2008 at 12:14 pm
True, would be nice if you just bought Yahoo before the offer
Guess Yahoo! will miss this offer to, they are not easy to turn over, they even optioned a merge with AOL this week, very odd
April 17th, 2008 at 7:15 pm
Yeah, they just try to do something before April 26 so the shareholders don’t vote for CEO. CEO’s career will be ruined then.
I don’t think it would work though. However, google just reported a good quater, I am not sure if Yahoo will be able to pull one as well before this goes to shareholders. If it will, I think Yahoo can stand a chance.