Microsoft sent a warning to Jerry Yang at Yahoo to take the offer on the table or they will present the offer to the stockholders.
Microsoft is betting that the greed of the stockholders for the 60 percent premium on their shares during the present economic depression will make the offer work.
Yahoo is hoping anyone but Microsoft will help them out of the hole they dug themselves into. They are talking to AOL, who is already a big loser, Newscorp and their evil Murdock agenda, and Google the largest affiliate webfarm serving up advertising on a faux search engine. The deals are not in cash and actually shore up the losses into larger loss centers. Not a good deal at all.
Microsoft’s Ballmer is confident enough to state ““If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo board,” Mr. Ballmer added later emphasis to their fiduciary responsibilities, “If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective, which will be reflected in the terms of our proposal.”