Why so hostile? Next steps in Microsoft-Yahoo saga
Microsoft’s weekend deadline to Yahoo to negotiate a friendly deal has come and gone. So, now what? Microsoft has its options. It could raise its bid, walk away, go hostile at a lower price or go hostile at the current price. Most Wall Street analysts think the last option is the most likely.
Separately, Marc Andreessen , co-founder of Netscape, provides a thorough breakdown of the options for Microsoft and Yahoo. Especially interesting is the part about a potential legal fight if Yahoo’s board decides to exercise its poison pill as a defense to a tender offer by Microsoft.
(Photo: Reuters/Christian Charisius)