That didn't take long. Two days after Microsoft CEO Steve Ballmer sent a three-week acquisition ultimatum to Yahoo’s board, Yahoo answered with its own letter.
Signed by CEO Jerry Yang and Chairman of Yahoo Board Roy Bostock, the Yahoo letter reiterated that Yahoo feels Microsoft’s $44 billion fee is too low. The pair claimed their recently disclosed three-year financial plan demonstrated to shareholders and others that Yahoo is well-positioned for growth — a view that a number of Wall Street analysts and industry observers have not shared.
Microsoft, Yahoo!, Deal, Acquistion, Steve Ballmer, Jerry Yang, Corporate News