Yahoo! respond to Microsoft proposal
For those wondering how long Yahoo! may take to respond to Microsoft's unsolicited $44.6 billion takeover bid, Yahoo says don't hold your breath.
In a brief FAQ posted to its Web site, Yahoo says it is “undertaking a deliberate review process” and warns it could “take quite a bit of time.”
The Yahoo! Board is undertaking a deliberate review process. They’re going to take time to thoroughly evaluate the proposal in the context of Yahoo!'s strategic plans. This will include evaluating all of the Company’s strategic alternatives – including maintaining Yahoo! as an independent company. That process will take some time, but the Board will ultimately pursue the option that it believes can best maximize value for our shareholders.
Yahoo said its process “will include evaluating all of the Company's strategic alternatives--including maintaining Yahoo as an independent company.”
Yahoo!, Microsoft, Bid, Deal, Acquisition, Corporate News
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Pingback from 1Google: Microsoft & Yahoo! hookup will ruin the Internet » D' Technology Weblog: Technology, Blogging, Tips, Tricks, Computer, Hardware, Software, Tutorials, Internet, Web, Gadgets, Fashion, LifeStyle, Entertainment, News and more by Deepak Gupt says:February 3rd, 2008 at 7:46 pm
[...] the next several weeks, we're sure to hear plenty about Microsoft's attempt to buy Yahoo. Yahoo released a statement on Friday indicating that its board would indeed evaluate the deal seriously, saying that it would [...]
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