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Microsoft Sends Ultimatum to Yahoo!

by Ian Paul on April, 8 2008 at 08:04AM EDT

Microsoft's CEO Steven Ballmer sent a strongly worded letter to Yahoo's Board of Directors on Saturday declaring his frustration over the lack of progress on his company's offer to acquire the Internet portal. On Jan. 31, Microsoft made an offer to ... purchase Yahoo with a mix of cash and stocks worth $44.6 billion, 62 percent above Yahoo's market value. Since that time, Yahoo CEO Jerry Yang has been busy considering alternatives to save the company including partnerships with Google, News Corp, and AOL. (Source: businessweek.com ) However, no substantive agreements have resulted and Microsoft's ... (view more)

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