As a response to Yahoo!’s rejection, Microsoft has issued a statement and it seems as if MS is planning to bypass Yahoo’s board decision and make a hostile bid. Here’s an excerpt from their response:
“The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal”
Yahoo!’s board must be breaking their heads right now, trying to figure out a way to evade Microsoft. On the other hand, Microsoft finds Yahoo!’s juicy assets to be tempting, and they are willing to put all their efforts to grab Yahoo! They’ll possibly be slapped with antitrust issues from Department of Justice, which means they still have a long way to go before stealing Yahoo!
[Source: DailyTech]
Discussion
Comments for “Microsoft Prepares for a Hostile Takeover of Yahoo!”