"Dear Steve,
We will not allow you or anyone else to acquire the company for anything less than its full value.We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction. "
Yahoo stated that the price offered by Microsoft $44.6 billion isn't fair and Yahoo was worth much more than that and hence demanded more money from Microsoft.
More on:-
http://www.engadget.com/2008/04/07/yahoo-responds-to-microsoft-ultimatum-more-money-please/
We will not allow you or anyone else to acquire the company for anything less than its full value.We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction. "
Yahoo stated that the price offered by Microsoft $44.6 billion isn't fair and Yahoo was worth much more than that and hence demanded more money from Microsoft.
More on:-
http://www.engadget.com/2008/04/07/yahoo-responds-to-microsoft-ultimatum-more-money-please/
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