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 :twisted:

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