Gadgetell | Tech News, Reviews, and Interesting Things

Subscribe to our content for free: (?)
Get our Daily Email
Sections: Business News, Web, Websites

Microsoft rears head, gives Yahoo 3 weeks to go Quietly

by Indraneel Purohit on Apr 6, 2008 at 09:01 AM

microhoo

In a recent letter to the Yahoo! board of directors, Steve Ballmer has set an ultimatum upon the company behind the most visited site in the world, according to traffic ranking site Alexa. On January 31 of this year, Microsoft made its $46 billion dollar offer to takeover the Sunnyvale internet giant, which was 62 percent more their market value on that day.

Ballmer, in his letter, was hoping for a “speedy and ultimately friendly transaction.”  However, Yahoo! has vehemently resisted the takeover, had declined the hefty offer.  Well, Steve “Developer” Ballmer will not be denied, and has stated that he believes the time “is now” for the two companies to carry through with the merger.  Thus, Ballmer has given Yahoo! three weeks to accept, or the Redmond giant will drop its offer price, and be a little more hostile.

Watch out in the next month for more on this developing story.

Read [CNET News]

Keep up with the latest gadget goodness! - Subscribe to our feed


Join the Discussion

Name: *

Email: *

Location (Links to Google Maps):

URL:

Enter Your Comment Below...

* Required fields

Remember my information?

Notify me of follow-up comments?

Submit the word you see below:


Special Features