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Microsoft Buying Yahoo via Hostile Takeover
HardWareZone | 21 July, 2008 10:50
Last month, we brought you news that Yahoo is in a battle of being absorbed into either Microsoft or Google, directly creating two titan rivals of the Internet. Microsoft wants to buy Yahoo, but Yahoo isn't interested. Now it seems the battle gets messy.
Microsoft's CEO, Steve Balmer, has sent a letter to the Yahoo Board of Directors informing them if they do not accept his offer to buy over Yahoo, Microsoft will take the offer to Yahoo's investors and shareholders, and maybe even kicking out the current BoD. In other words, Microsoft is going to buy Yahoo via a Hostile Takeover.
This effectively leaves Google as the lone giant to fight the upcoming Microsoft-Yahoo titan. How this will affect Yahoo users, we will have to wait and see when Microsoft barges into Yahoo, wipes out the BoD, and assimilates Yahoo.
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