Monday, May 19, 2008
MICROSOFT said it has proposed an alternative deal to Yahoo, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn.
'Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo,' the company said in a statement without clarifying what that alternative might be.
Microsoft emphasised it was not proposing to make a new bid to buy all of Yahoo 'but reserves the right to reconsider that alternative' depending on discussions with Yahoo, shareholders of Yahoo or Microsoft, or other third parties.
Microsoft walked away from its pursuit of Yahoo two weeks ago after three months of negotiations when Yahoo's board rejected Microsoft's sweetened offer of US$33 a share, saying the company was worth at least US$37 a share.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
