Business
Microsoft ready for proxy fight to capture Yahoo?
DealBook is reporting that Microsoft plans to authorize a proxy fight to capture Yahoo, which has rebuffed the $44.6 billion bid (since Microsoft's stock went down the deal is valued now at about $41 billion).
![zd-defaultauthor-dan-farber.jpg](https://www.zdnet.com/a/img/resize/7a46472de14e7cdb67d372a5c496156ef36d0759/2014/12/04/24ebf345-7b65-11e4-9a74-d4ae52e95e57/zd-defaultauthor-dan-farber.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
DealBook is reporting that Microsoft plans to authorize a proxy fight to capture Yahoo, which has rebuffed the $44.6 billion bid (since Microsoft's stock went down the deal is valued now at about $41 billion).
For the Yahoo board, the fight is heading for the final rounds. Now is the time for Yahoo to come back with a counter offer or alternative bidder before it gets too ugly and employees start heading for the exits at a faster pace.