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.”
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.