Microsoft Issues Ultimatum
April 4, 2008
Microsoft has decided to give Yahoo! an ultimatum in accepting its buyout bid. Microsoft has offered $41 billion to buyout Yahoo!, but as yet no deal has been reached by the two parties.
Recently Microsoft stated it will give Yahoo! until April 26th to accept its bid. If Yahoo! fails to accept its bid Microsoft plans to launch a hostile takeover, but this will be done at a much lower price.
At the moment shareholders are pushing Yahoo! to accept the bid that Microsoft has tabled before the company is bought at a lower price.