Microsoft issues 3-week deadline to Yahoo

Microsoft on Saturday applied pressure to Yahoo by submitting a letter directly to the search engine firm's board of directors, setting a deadline for the company to accept Microsoft's $31 per share takeover offer. Citing deteriorating economic conditions, the Redmond, Washington-based Microsoft refused to increase its bid and gave Yahoo a total ...

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• Title: Microsoft issues 3-week deadline to Yahoo
• Written on: April 5th, 2008
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