Microsoft has given Yahoo an ultimatum, either accept our offer within three weeks or we will lower our offer and then go direct to your shareholders. This big threat comes in the wake of the ongoing fight between two of the largest search engines.
Yahoo executives have rejected Microsoft’s $42 billion bid as they feel that the offer is too low. Steve Ballmer Microsoft’s chief exec has now deiced to play hardball, which is why they gave Yahoo the ultimatum.
Microsoft do not want this critically important opportunity to pass them by, it is thought that Yahoo will respond today.
Source – PC Pro
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