Microsoft Outlines Its Yahoo Strategies

Steven A. Ballmer, Microsoft’s chief executive, told employees on Thursday that the company would announce in “short order” which of three paths it would choose in its pursuit of Yahoo.

The options, Mr. Ballmer said in a meeting with employees, were completing a negotiated deal, pursuing a hostile takeover or walking away.

Yahoo has rejected Microsoft’s cash-and-stock offer, initially valued at $31 a share but currently worth about $29.48, saying it substantially undervalues the company.

But Jerry Yang, Yahoo’s chief executive, has said his company is not opposed to selling to Microsoft for more.

Read Full Article from New York Times

- Posted: 2008-05-02 08:31:55

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