Microsoft goes all Sopranos on Yahoo

5 04 2008

http://www.microsoft.com/presspass/press/2008/apr08/04-05LetterPR.mspx

The unmitigated gall… ‘We offered to buy you, you declined, so we will now intimidate you publicly”.

It has now been more than two months since we made our proposal to acquire Yahoo! at a 62% premium to its closing price on January 31, 2008, the day prior to our announcement. Our goal in making such a generous offer was to create the basis for a speedy and ultimately friendly transaction. Despite this, the pace of the last two months has been anything but speedy.

It is unfortunate that by choosing not to enter into substantive negotiations with us, you have failed to give due consideration to a transaction that has tremendous benefits for Yahoo!’s shareholders and employees. We think it is critically important not to let this window of opportunity pass.

I think that if Yahoos shareholders gave a shit about Microsoft, they would have expressed that to Yahoo management by now. Sheesh.


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