Microsoft plans to strengthen its pursuit of Yahoo this week when it authorizes a proxy fight to get rid of Yahoo’s board, meaning the 19-day-old acquisition attempt will soon turn a darker shade of ugly, according to The New York Times.
The proxy fight will cost Microsoft between $20 million and $30 million, much less than having to significantly up its offer for Yahoo, The Times reported Tuesday morning, quoting anonymous sources.
The aggressive move would be reliable with Microsoft’s statements hinting that it’s willing to acquire Yahoo via unsympathetic means if necessary. Yahoo’s board rejected unanimously Microsoft’s offer, calling it too low.
source:pcworld