By Deane Barker | May 4, 2008 | 1 Comment
Microsoft says proxy battle not worth it: And that’s the end of that.
In a letter to Yahoo CEO Jerry Yang, Microsoft chief Steve Ballmer confirmed that Microsoft was willing to offer $33 a share, but that Yahoo was holding out for at least $37 a share, or $5 billion more than Microsoft was prepared to spend. In the letter, Ballmer also says he is ruling out a direct offer to shareholders.
2008-05-10 05:36:00 3814