Microsoft and Yahoo stayed up late all weekend on Messenger, still no decision made

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big-fish-eating-small-fish.jpgThe weekend was not a quiet one for the oppressive Microsofties and underlingers Yahoo, with Microsoft CEO Steve Ballmer issuing Yahoo an ultimatum in an open letter to the board of directors, ranting “our goal in making such a generous offer was to create the basis for a speedy and ultimately friendly transaction. Despite this, the pace of the last two months has been anything but speedy.”

He’s given Yahoo three weeks to accept the offer, or Microsoft will usurp Yahoo’s board of directors, replacing them with new, more Microsoft-friendly officers.

In retaliation, Yahoo’s board has written a letter back, stating “we have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders,” and that the offer of $44.6 billion might not be enough to “fully reflect the value of Yahoo”.

(via Daily Tech, Reuters and BBC)

Katherine Hannaford