of microsoft sends letter to yahoo! board of directors

Microsoft Sends Letter to Yahoo! Board of Directors: Microsoft Corp. sent the following letter to the Yahoo! Inc. Board of Directors.

Dear Members of the Board:
It has now been more than two months since we made our proposal to acquire Yahoo! at a 62% premium to its closing price on January 31, 2008, the day prior to our announcement. Our goal in making such a generous offer was to create the basis for a speedy and ultimately friendly transaction. Despite this, the pace of the last two months has been anything but speedy...It is unfortunate that by choosing not to enter into substantive negotiations with us, you have failed to give due consideration to a transaction that has tremendous benefits for Yahoo!’s shareholders and employees. We think it is critically important not to let this window of opportunity pass.

Sincerely,
Steven A. Ballmer
Chief Executive Office
Microsoft Corp.

Click here for the full letter.