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| Yahoo: Still interested in a sale to Microsoft |
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| Business and Law | ||||||
| By Wolfgang Gruener | ||||||
| Friday, June 06, 2008 12:26 | ||||||
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Yahoo quickly responded to Carl Icahn’s proposal to sell Yahoo to Microsoft for $34.745 per share. While the company said that the strategy to put out a price publicly to re-attract Microsoft’s interest is “ill-advised, the company’s board said that they “are open to any transaction including a sale to Microsoft if it is in the best interests of shareholders.”
Yahoo’s board also said that that Icahn has no “credible plan” to operate Yahoo.
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