Microsoft Chief Executive Officer, Steve Ballmer mentioned that Yahoo’s rejection to embrace his $44.6 billion offer was a mistake and that he would go ahead with all necessary steps to see to that Yahoo’s shareholders are given the opportunity to realize the value inherent in Microsoft’s proposal. However, Yahoo on other hand, is restarting its talks with America Online.
Microsoft Co. has also hired a proxy solicitation firm Innisfree predicting a proxy battle for replacing Yahoo’s board. Steve Ballmer has time until March 13th to nominate its directors.
Microsoft Plans for a Second Try on Yahoo Inc
