Microsoft issued a statement clarifying that their proposal last Friday, which Yahoo rejected on Saturday, did not include a change of Yahoo governance. Interestingly, Microsoft also said that their proposal was “solicited” by Yahoo’s Roy Bostock due to Carl Icahn’s attempts to engage Microsoft and Yahoo on a search transaction that will be favorable to Microsoft. In addition, Microsoft said that after submitting their proposal, they asked Yahoo to confirm whether the terms of the proposal were enough for both companies to engage in negotiation during the weekend. (more…)
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