Tuesday, April 29, 2008

Microsoft Confronts Tough Choice On Yahoo

Steve ballmer is facing one of biggest decisions of his career: Walk away from Microsoft's $42.7 billion acquistion offer for Yahoo or launch the largest hostile takeover battle in tech-industry history.
The choice comes after Yahoo(YHOO,news,msgs) declined to agree to a deal by the Saturday deadline set by the Microsoft's (MSFT,news,msgs) chief executive-and after the two sides failed to make any progress in recent weeks in resolving the disagreement over price that has divided them over the last three months. (Microsoft publishes MSN Money.)

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