Microsoft wants Yahoo! and is getting peeved with Yahoo!’s indecision of responding to MS’ acquisition proposal. Microsoft is so pissed off that it has publicly given the yahoos at Yahoo an ultimatum 🙂
In a letter dated Saturday, April 5th, addressed to Yahoo’s board of directors, Microsoft CEO Steve Ballmer has given Yahoo three weeks to accept Microsoft Corp’s $31-a-share cash-and-stock offer. “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,” Ballmer wrote.
Then he threatened to reduce Microsoft’s offer if Yahoo failed to meet the deadline: “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.” According to a person close to the search engine, Yahoo’s board is currently reviewing the letter.
Read the entire letter here.
To the Yahoos at Yahoo: wake up and smell the coffee — it’s about time to accept the helping hand of the Evil Big Brother; the Yahoo! ship is sinking and there is little y’all can do before you’re totally sunk. Do yourself a favor and work out an agreement with the Mole!