Business
Microsoft-Yahoo: They don't call it a hostile takeover for nothing...
What's a hostile takeover without a little hostility? I still think the proposed take-over of Yahoo by Microsoft is nutty, but Microsoft seems set on making it happen, whether or not Yahoo's management and employees are happy to become part of the Empire.
Yahoo may not like Microsoft's acquisition bid, but Microsoft isn't backing down.
The Redmond software company isn't signaling whether it will raise its $44 billion offer or push ahead without Yahoo's blessing. In a statement Microsoft issued at the end of the day on February 11, company officials said:
"The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal."
Hey, what's a hostile takeover without a little hostility? I still think the proposed take-over is nutty, but Microsoft seems set on making it happen, whether or not Yahoo's management and employees are happy to become part of the Empire.