The Latest on YahooSoft: Still Playing for Time
Without a competing suitor to push Microsoft’s unsolicited bid higher, Yahoo is turning to its investors instead, CNET News reports:
“Yahoo, which announced Tuesday its three-year financial plan to investors and cited it would provide more context to its rejection of Microsoft’s initial bid of $31 a share as undervaluing the Internet company, is following a familiar game plan when a better offer isn’t on the hook, say proxy solicitors. ‘Usually executives don’t spend time on a road show when there’s nothing for investors to vote on.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in