Sunnyvale, Calif (AP) Yahoo says it's not opposed to a deal with Microsoft, it just wants a better one.
Microsoft warned over the weekend that if Yahoo doesn't accept the 41-billion-dollar buyout by April 26th, it will launch a hostile takeover at a less attractive price.
Yahoo Chief Executive Jerry Yang and Chairman Roy Bostock say in a letter to Microsoft Ceo Steve Ballmer that they are “open to all alternatives that maximize stockholder value.”
It goes on to say they're willing to accept a deal “if it represents a price that fully recognizes the value of Yahoo on a standalone basis.”
The yahoo executives also say Microsoft's threat to begin a hostile takeover is “counterproductive.”