Yahoo Responds to Microsoft Deadline - Demands More Money

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Written on 4:32 PM by Sarthak K

As expected, Yahoo has responded to Microsoft's 3 week deadline this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman).

In the "Dear Steve" response to Ballmer they state, "we will not allow you or anyone else to acquire the company for anything less than its full value." They go on to state that, "We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction."

Apparently, Yahoo seems to be heading towards Google for support, and we might see its best engineers working for the Big G soon enough.

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