Microsoft (MSFT) to Authorize Proxy Fight at Yahoo (YHOO)
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This morning DealBook reported Microsoft (Nasdaq: MSFT) will authorize a proxy fight for Yahoo (Nasdaq: YHOO) this week.
The move, expected to cost about $20 million to $30 million, was Microsoft’s alternative to raising its $44.6 billion bid and is seen as a less expensive way to put pressure on Yahoo’s board. Yahoo rejected Microsoft’s original offer as undervalued.
The move, expected to cost about $20 million to $30 million, was Microsoft’s alternative to raising its $44.6 billion bid and is seen as a less expensive way to put pressure on Yahoo’s board. Yahoo rejected Microsoft’s original offer as undervalued.
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