Microsoft Yahoo Deal Could Get Hostile
Microsoft has given Yahoo a 3 week ultimatum to accept it’s $41 billion buyout offer, or Microsoft would launch a hostile takeover through Yahoo’s shareholders at a lower price. “If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo board,” wrote Microsoft Chief Executive Steve Ballmer. Yahoo’s board officially rejected the deal a month earlier looking for a higher price. Yahoo is a dangerous stock to play at the moment, the stock price (which is highly expensive at the moment) has some definite downside if Microsoft goes hostile on Yahoo, but could lose very little if Yahoo’s board agree’s to the offer on the table.
Tags: Buyout, Deal, Hostile Takeover, Merger, Microsoft, Yahoo
