Microsoft Responds to Yahoo's Announcement
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TheZorch
Feb 12, 2008, 9:44:48 AM2/12/08
to William Kirkpatrick, Glenn Miller Jr
Yahoo's board of directors refused Microsoft's buyout offer, but that
doesn't mean this is over. Yahoo is a publicly traded company, which
means the stockholders have the power to override them at any time.
According to this statement issued by Microsoft it sounds like they are
going after the stockholders now. Basically, this merger deal has
become a Hostile Takeover. If the stockholders of Yahoo stock go for it
the Yahoo Board of Directors can't stop them. That's how the
corporation system works. Anyway, it looks like a battle is about to begin.
doesn't mean this is over. Yahoo is a publicly traded company, which
means the stockholders have the power to override them at any time.
According to this statement issued by Microsoft it sounds like they are
going after the stockholders now. Basically, this merger deal has
become a Hostile Takeover. If the stockholders of Yahoo stock go for it
the Yahoo Board of Directors can't stop them. That's how the
corporation system works. Anyway, it looks like a battle is about to begin.
You got Microsoft on one side, Yahoo in the middle, and AOL, another
floundering company trying to merge with Yahoo also. This isn't going
to be a pleasant. Knowing how Microsoft does business this is going to
get ugly real fast. Of course, I'm of the opinion that if MS and Yahoo
do merge you can kiss anything belonging to Yahoo goodbye because it'll
get MSNed.
http://biz.yahoo.com/prnews/080211/aqm241.html?.v=2
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Michael "TheZorch" Haney
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