Securities Law Prof Blog

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

Monday, April 7, 2008

Yahoo Sends Response to Microsoft Letter

Yahoo CEO Jerry Yang and Chairman Roy Bostock responded to Microsoft CEO Steven Ballmer's weekend letter, stating that they continue to believe that Microsoft's bid undervalues the company, but saying that they remain open to a deal if it is superior to alternatives.  They also took issue with Ballmer's comment that Yahoo refused to negotiate with Microsoft and referred to two meetings that he had attended.  WSJ, Yahoo Rebuffs Microsoft Again, But Says Open to A Better Deal.

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