Yahoo! Wants a Better Deal From Microsoft
Software giant Microsoft offered to acquire Yahoo in January of this year, only to be rejected in February, saying that Mr. Gates’ company underestimated their value. Now, the company is being more aggressive and set an April 26th deadline for Yahoo to accept its $41 billion proposal, with a warning that if Yahoo still would not budge, they would initiate a hostile takeover for a lower value.
Since Yahoo’s initial rejection of Microsoft’s offer, it began to consider deals with Google, MySpace and AOL, but has not come up with an alternative to Microsoft’s proposal. Microsoft, on the other hand, is determined to do anything to close the deal.
More details at CNN.com.