Yahoo Did Not Make Any Decision Yet On Microsoft Bid
Yahoo 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.
As per Jerry Yang, the bid was filed at US Security and Exchange commission. The Yahoo Board is evaluating the pros and cons of the deal and has hired top advisors for further consultation.
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.
Source: Reuters
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