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Yahoo! Seeks to Block Microsoft’s Takeover Bid

Posted by in Industry News

Yahoo! are scrambling to avoid defeat while battling Microsoft for the hostile company takeover.

As reported recently here on the E-Web Marketing Blog, Yahoo! was valued at $41.2 Billion dollars by Microsoft, and both sides are preparing for a takeover fight by starting a proxy contest next week.
Yahoo have managed to further delay the move by extending the deadline for which they nominate the directors of their company, allowing another 10 days before Microsoft can resume the takeover process.

Yahoo! have recently spoken with AOL, a part of Time Warner about mergers and acquisitions though nobody is ready to comment officially on the topic. For the record, Google owns 5% of AOL.

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