The Microsoft, Yahoo deal keeps coming
April 6, 2008 - 3:18 pm
Microsoft says that if Yahoo does not make a deal within three weeks, Microsoft will have to lower the offer. The deal right now is at $40-billion. “If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal,” Microsoft Chief Executive Steve Ballmer wrote in a letter sent to Yahoo’s board Saturday. (Los Angeles Times).
