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[News] [Rival] Yahoo Politely Tells Alleged Microsoft Proxy Fighter to Sod Off

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Yahoo Tells Icahn That Its Own Board Knows Best

,----[ Quote ]
| The search company said Icahn's proposal shows "a significant 
| misunderstanding" of how it handled Microsoft's offer, and argued that 
| Yahoo's current board remains "the best and most qualified group" to handle 
| its affairs.   
`----

http://www.pcworld.com/article/id,145968-c,mergersacquisitions/article.html

Icahn Confident Microsoft Still Wants Yahoo, Say Proxy Advisor

,----[ Quote ]
| Carl Icahn's decision to nominate a full slate of directors to replace Yahoo 
| Inc.'s (YHOO) board indicates the billionaire investor is confident that  
| Microsoft Corp. (MSFT) is willing to revive its takeover offer, a key 
| official at the world's largest proxy advisory group said Wednesday.  
`----

http://money.cnn.com/news/newsfeeds/articles/djf500/200805142221DOWJONESDJONLINE000991_FORTUNE5.htm

Icahn says he will fight Yahoo on Microsoft

,----[ Quote ]
| He also disclosed in the letter to Yahoo Chairman Roy Bostock that he had 
| acquired 59 million shares and had sought antitrust clearance from the U.S. 
| Federal Trade Commission to acquire up to about $2.5 billion worth of Yahoo 
| Stock.   
`----

http://uk.reuters.com/article/rbssTechMediaTelecomNews/idUKWEN577420080515

Steve's mafia found itself a hitman, eh?


Recent:

Yahoo says Microsoft's bid is distracting workforce

,----[ Quote ]
| Yahoo stated the obvious in its annual report on Wednesday by saying 
| Microsoft's bid to buy the company is distracting executives and employees. 
`----

http://www.news.com/8301-10784_3-9881216-7.html?part=rss&subj=news&tag=2547-1_3-0-20


Yahoo Battling 7 Shareholder Suits

,----[ Quote ]
| Yahoo Inc. is facing seven shareholder lawsuits alleging the slumping 
| Internet pioneer bungled its response to Microsoft Corp.'s unsolicited 
| takeover bid.  
`----

http://ap.google.com/article/ALeqM5gM9JqF0rLcz49fPhWY44jXEPXTmgD8V2VAU03


Yahoo sued by Chinese dissidents again

,----[ Quote ]
| Yahoo faces another lawsuit over its actions in China. Several Chinese men 
| are suing the company and its Hong Kong subsidiary claiming they were harmed 
| because of Yahoo's cooperation with the Chinese government.  
`----

http://www.news.com/8301-10784_3-9881042-7.html?part=rss&subj=news&tag=2547-1_3-0-20


Yahoo Sued for Spurning Microsoft

,----[ Quote ]
| Two Detroit pension funds have sued Yahoo Inc. and its board of directors, 
| saying they breached their duties to shareholders in trying to thwart a 
| takeover by Microsoft Corp.  
`----

http://ap.google.com/article/ALeqM5jdD7c1YzAOB-suxU2tJ63WjFjxngD8UVK7J80


Microsoft's IBM Moment

,----[ Quote ]
| News Commentary: Microsoft can only lose if it enters into a proxy fight 
| against Yahoo. 
| 
| Supposedly, Microsoft is ready to make a hardball maneuver to replace Yahoo's 
| board of directors. A proxy fight would be a highly aggressive move from a 
| company that for years sought to remake its tarnished public image. Antitrust 
| cases on two continents portrayed Microsoft as a bully, which is a label a 
| Yahoo hostile takeover may just revive.     
`----

http://www.microsoft-watch.com/content/corporate/microsofts_ibm_moment.html?kc=MWRSS02129TX1K0000535


A Yahoo Proxy Contest: How Good Are Microsoft’s Chances?

,----[ Quote ]
| Microsoft refuses to boost its Yahoo bid, valued at $31 a share a few weeks 
| ago. It refuses so thoroughly, in fact, that the Redmond, Wash., software 
| giant may be willing to wage a proxy battle to oust Yahoo’s board, according 
| to this report. (To do that, Microsoft must nominate a new slate of directors 
| for Yahoo within the next three weeks).    
`----

http://blogs.wsj.com/deals/2008/02/19/a-yahoo-proxy-contest-how-good-are-microsofts-chances/?mod=yahoo_hs


Microsoft Usually Doesn’t Do This Sort of Thing. Except It Does. All The Time.

,----[ Quote ]
| When Microsoft proposed its $31 a share takeover of Yahoo, the deal’s rich 
| 61% one-day premium seemed a necessary part of the audacious bid: at a price 
| like that, who could refuse?  
`----

http://blogs.wsj.com/deals/2008/02/15/microsoft-usually-doesnt-do-this-sort-of-thing-except-it-does-all-the-time/?mod=yahoo_hs


How Yahoo went from Web star to Microsoft prey

,----[ Quote ]
| A desperate, expensive bid to beat Google; turf wars among divisions
`----

http://www.marketwatch.com/news/story/how-yahoo-went-web-star/story.aspx?guid=%7BB4CA2BEB%2D6DCC%2D41E6%2D871D%2DEC0DB6F67DC4%7D&siteid=yhoof
http://tinyurl.com/34uso2


Microsoft to Authorize Proxy Fight at Yahoo

,----[ Quote ]
| In an escalation of its fight for Yahoo, Microsoft will authorize a proxy 
| fight at the Internet company this week, people briefed on the matter told 
| DealBook. Unless Yahoo quickly reverses course and enters into talks, 
| Microsoft would then seek to nominate a slate of directors to Yahoo’s board 
| by March 13, the final deadline for nominations, and pursue a lengthy 
| campaign to oust the board.     
`----

http://dealbook.blogs.nytimes.com/2008/02/19/microsoft-to-authorize-proxy-fight-at-yahoo/index.html?hp


Why Microsoft Should Fret

,----[ Quote ]
| But what if at stake in the battle isn't just Microsoft's position in selling 
| ads, but the very survival of its core software business? Microsoft would 
| never admit that so much is on the line.   
`----

http://online.wsj.com/article/SB120277476716860601.html?mod=yahoo_hs&ru=yahoo


Microsoft to take case to Yahoo shareholders: report

,----[ Quote ]
| The board believes Redmond, Wash.-based Microsoft is trying to take advantage 
| of some recent weakness in Yahoo's share price in order to "steal" the 
| company, the report said.  
`----

http://www.marketwatch.com/news/story/microsoft-take-case-yahoo-shareholders/story.aspx?guid=%7B7F963245%2D5B26%2D4A77%2D8D18%2D4D2122A9D4AE%7D&siteid=yhoof
http://tinyurl.com/3dpl6n


,----[ Quote ]
| Microsoft is threatening to launch a boardroom coup at Yahoo! within six
|              ^^^^^^^^^^^^^^^^^^^^^
| weeks if the internet search engine fails to accept its $45 billion (£23
| billion) hostile takeover proposal or start serious merger talks, The Times
| has learned.
`----

http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article3300964.ece?EMC-Bltn=LOXCF1


Options Before Microsoft: Upping Bid; Tender Offer; Hostile Takeover; Pressure
Tactics

,----[ Quote ]
| Hostile board overthrow: This would be the most contentious, and Microsoft 
| has indicated its willingness to go through with this if need be: it could 
| seek to oust Yahoo's board at its next election; it would have until March 13 
| to nominate a new slate of directors. Yahoo has taken "poison pill" 
| provisions, and Microsoft have to oust the board to get past these 
| provisions.     
`----

http://biz.yahoo.com/paidcontent/080209/1_319741_id.html?.v=1


Microsoft Replies To Yahoo Rejection

,----[ Quote ]
| The response to Yahoo's "no thanks" to a $44.6 billion acquisition held the 
| not-so-subtle threat of a more aggressive takeover action by Microsoft. 
| 
| [...]
| 
| "The Yahoo response does not change our belief in the strategic and financial 
| merits of our proposal. As we have said previously, Microsoft reserves the 
| right to pursue all necessary steps to ensure that Yahoo!’s shareholders are 
| provided with the opportunity to realize the value inherent in our proposal," 
| Microsoft said in their statement.    
`----

http://www.webpronews.com/topnews/2008/02/11/microsoft-replies-to-yahoo-rejection


Microsoft rejects Yahoo! rejection

,----[ Quote ]
| Steve Ballmer still wants to swallow Jerry Yang's company.
`----

http://www.regdeveloper.co.uk/2008/02/11/microsoft_still_wants_yahoo/
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