Computer software giant Microsoft has given Yahoo a three-week deadline to respond to its offer to buy out the internet company for $44.6bn (£22.3bn). Microsoft CEO Steve Ballmer said his company would take its case directly to Yahoo's shareholders if Yahoo's directors did not respond by 26 April.
Microsoft made an unsolicited bid on 31 January, but Yahoo's board rejected it as substantially underrating its value. Yahoo has since explored alliances with other firms, but no offer has surfaced. Last month, Yahoo estimated it would almost double its operating cash flow over the next three years and generate $8.8bn in revenue after costs in 2010.
So, Yahoo has 3 weeks with it to think about and make a decision. This is gonna break some hearts but who cares since there is some big money involved in this.
Ramee says,"I guess you are more interested in this alliance than Microsoft."
Source:: BBC
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