Yahoo failed to agree to an acquirement pact with Microsoft last Saturday, the deadline Microsoft had set for taking up such negotiations. Now Microsoft should decide whether to follow a hostile conquest via a proxy fight or to drop the bid and look for other acquirement alternatives.
All along, Microsoft’s management had stated strongly that they would follow Yahoo via all obtainable options, comprising the hostile route of expelling the present board by suggested its own schedule of director candidates at the proceeding Yahoo shareholders’ meeting. But Microsoft CEO Steve Ballmer and CFO Chris Liddell softened that stand in public comments last week, saying that giving up on the acquirement would also be an option.
