Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, April 28, 2008

Yahoo Does Not Respond to Microsoft's Deadline

Saturday was the deadline Microsoft gave Yahoo to agree to a deal.  Now Microsoft must decide whether to back away or go forward with a hostile tender offer and proxy contest as Steve Ballmer stated several weeks ago.  Many of Microsoft's own executives, however, are said to oppose the deal as diverting resources from other projects.  WSJ, Microsoft Confronts Tough Choice on Yahoo.

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