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Yahoo!'s Board of Directors Responds to Latest Microsoft Letter

malware

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#1
In response to this story, the Board of Directors of Yahoo! Inc. today sent the following letter to Steve Ballmer, Chief Executive Officer of Microsoft Corporation.


Dear Steve:

Our Board has reviewed your most recent letter with regard to the unsolicited proposal you made to acquire Yahoo! on January 31, 2008.

Show full news post
 
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#2
I just fell in love with Yahoo. I like Microsoft but damn them for being a bully. Yahoo FTW!
 

Solaris17

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#3
In conclusion, please allow us to restate our position, so there can be no confusion. We are open to all alternatives that maximize stockholder value. To be clear, this includes a transaction with Microsoft if it represents a price that fully recognizes the value of Yahoo! on a standalone basis and to Microsoft, is superior to our other alternatives, and provides certainty of value and certainty of closing. Lastly, we are steadfast in our commitment to choosing a path that maximizes stockholder value and we will not allow you or anyone else to acquire the company for anything less than its full value.
pwn'd
 
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#4
Your comment that we have refused to enter into negotiations to conclude an agreement are particularly curious given we have already rejected your initial proposal... Moreover, Steve, you personally attended two of these meetings and could have advanced discussions in any way you saw fit.
Hey, the guy's getting old -- maybe he's forgotten that he attended the meetings. :laugh:

Seriously, this is a mess -- I don't think Microsoft's going to raise the price at all -- they'll just keep lowering it as "punishment" for Yahoo's board initially rejecting the offer.

That's what I dislike about Microsoft the most -- isn't the antitrust violations, isn't the corrupt business practices, isn't the crappy products -- it's the damn arrogance. They're like an aging frat boy who was once the star quarterback for his high school football team, but is now a bit older, and they're still trying to push people around like they're still hot shit. :shadedshu
 

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#5
Wish Google jumps in and declares it could pay the 'real price', acquire Yahoo! This time the old man could lift his table and throw it across the office....the next few days seeing a cardiologist. :p

I'm glad MS stays away from Y!
 
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#6
lol go Yahoo!
 
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#7
Pwnt!
 

Dangle

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#8
LoL! A buyout of Yahoo for 60% more than they are worth is not good for stockholders?

AHAHAHAHA Watch Yahoo!'s stocks plummit as we speak!
http://finance.yahoo.com/q?s=YHOO
 

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#9


^That's a live image. Keeps updating. You reload, it updates. I smell a sabotage. Maybe MS is playing foul with the investors..."sell your stock, take this XboX Live subscription home to Jr."

jk...bad joke
 

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#10
so guess Micro$oft has their eyes on Google now?
 

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#11
Uber pwnage
 

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#12
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#13
Lol that letter is quite awesome, I would love for Microsoft to destroy Yahoo now. Five thumbs up for having balls though! He knows he'll get fired following the acquisition.
 

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#14
no idea butseriously doubt google will fold for ms
they better not i f'in love google

i bet they take over nvidia next...or at least try to anyway
 
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#15
That is good news for the employees of Yahoo..:)..Whenever one company buys out another, they usually sh!tcan the infrastructure and replace it with their own..:shadedshu..Leaving many scrambling to find new jobs..:wtf:..business, whether it be small or big is kinda evil that way..:twitch:..Kudos to Yahoo for not caving in to the gluttonous bullying pig..:toast:
 

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#16
they better not i f'in love google

i bet they take over nvidia next...or at least try to anyway
same here if google falls to MS what company is their left to bealive in?
 

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#17
Don't worry, Google is the new NVidia. One of those companies that come out of nowhere and take the lead.
 
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#18
Google won't fall to anyone. Bta, your right 100%. Yahoo, has been done wrong with the fact that Google did come from no where and just take over. Yahoo has done so much to their front page in order to get more people to come, and yet Google is still the one that everyone uses... Even shows say "I've googled you, and found this on ya." GOOGLE is everywhere and its not on the ropes like Yahoo is. Yet, Yahoo does have a strong following for what they added... Its not a Search tool, its an Entertainment and Daily use page.

Yahoo, Pwn'd ya Microsoft. And glad someone did it.
 

EiAh

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#19
Wish Google jumps in and declares it could pay the 'real price', acquire Yahoo! This time the old man could lift his table and throw it across the office....the next few days seeing a cardiologist. :p

I'm glad MS stays away from Y!
I'd rather have MS obtain Yahoo.

Google ftl
 
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#20
Ironically, Yahoo gave Google a huge boost in it's early days by using Google as their default search provider, lol. I honestly don't think there is anything Yahoo can do to stop Microsoft now aside from buying back all their stocks and going private, and they obviously cannot afford to do that.
 
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#21
Haha, M$ deserves a big :slap:.

Seems M$ still thinks it's 1995.
 
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#22
Nice, you tell em roy, I love how he signed very truly yours:laugh: