NEW YORK Less than a day after Yahoo! rejected its $44.6 billion acquisition offer, Microsoft reiterated its proposal without changing the terms.
In a statement, Microsoft called the rejection “unfortunate” and vowed to “consummate a transaction.” It went on to say it would “pursue all necessary steps” to get the proposal in front of Yahoo! shareholders.
Microsoft, however, stopped short of taking a more aggressive option, such as making a tender offer to shareholders. It also did not raise the financial terms of its bid, which calls for Yahoo! shareholders to get $31 per share, half in stock and half in cash.
“We
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