April 5th, 2008 Jason
Microsoft exec Steve Ballmer has given Yahoo! 3 weeks to come to an agreement before they go ahead and initiate a hostile takeover.
This quote really seems to sum up the Microsoft’s whole attitude:
This is despite the fact that our proposal is the only alternative put forward that offers your shareholders full and fair value for their shares
In my view this assumes that the other alternative – Yahoo! remaining an independent entity – doesn’t offer “full and fair value for their shares.” Hm.
The hostile takeover thing is really what we’ve come to expect from Microsoft, really, but I never imagined that we might see it on such a large scale. It’s not so much “shit or get off the pot,” it’s more like “shit or get flushed anyway.” My.