Latest in Breaking news

Image credit:

Yahoo responds to Microsoft ultimatum: more money please

Share
Tweet
Share
Save

Sponsored Links


As expected, Yahoo has responded to Microsoft's 3 week ultimatum this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman). In the "Dear Steve" response to Ballmer they state, "we will not allow you or anyone else to acquire the company for anything less than its full value." They go on to state that, "We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction." Make no mistake about it, this is corporate war and will likely end with Yahoo's best engineers working for Google.

Engadget’s parent company, Verizon, now owns Yahoo. Engadget remains editorially independent.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Hulu rewards binge watchers with ad-free episodes

Hulu rewards binge watchers with ad-free episodes

View
We need more tech satire like HBO's 'Silicon Valley'

We need more tech satire like HBO's 'Silicon Valley'

View
Square Enix unexpectedly releases ‘The Last Remnant’ on mobile

Square Enix unexpectedly releases ‘The Last Remnant’ on mobile

View
YouTube's AI docuseries with Robert Downey Jr arrives on December 18th

YouTube's AI docuseries with Robert Downey Jr arrives on December 18th

View
PC gamers: Rate and review the RTX 2060 Super or 2070 Super

PC gamers: Rate and review the RTX 2060 Super or 2070 Super

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr