No decision yet on Microsoft bid: Yahoo
Yahoo Inc Chief Executive Jerry Yang tells employees in an e-mail that no decision has been made about Microsoft Corp's $44.6 bn-bid to buy it.business Updated: Feb 07, 2008 00:50 IST
Yahoo Inc Chief Executive Jerry Yang told employees in an e-mail that no decision has been made about Microsoft Corp's bid to buy the company for $44.6 billion.
Yang said in the message, which was filed with the US Securities and Exchange Commission, the Yahoo board is evaluating various potential strategic alternatives and has hired "top advisors" to assist it through the process.
The e-mail, addressed to "yahoos" and written in lower case letters, said: "as we've said, no decision has been made about microsoft's proposal. our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape."