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Microsoft steps up battle to acquire Yahoo

Discussion in 'General Discussions and Lounge' started by temi, Feb 20, 2008.

  1. temi

    temi Facilitator Webmaster

    Microsoft has hired a firm that specialises in proxy battles in a move which suggests it could try to oust the current board of Yahoo directors. The Yahoo board rejected a takeover offer from Microsoft worth more than $40bn (£20.6bn) saying it was too low.
    A proxy fight would see Microsoft nominate a group of directors sympathetic to a deal for shareholders to vote on at Yahoo's annual meeting.

    source: bbc

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