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NEW YORK Microsoft on Thursday threatened to walk away from its offer to buy Yahoo! for roughly $31 a share if the Internet search portal doesn’t rein in its “unrealistic expectations of value.”
For several days, Microsoft CEO Steve Ballmer has been encouraging Yahoo! to accept its offer, and on Thursday, it was CFO Chris Liddell’s turn.
If Yahoo! keeps dragging its feet, he said, Microsoft is prepared to either drop the matter entirely or launch a proxy battle by taking the offer directly to shareholders.
Liddell made his remarks during a conference call with analysts to discuss Microsoft’s fiscal third-quarter earnings, which some investors found lacking, leading to a 5 percent decline in Microsoft shares in after-hours trading.
Microsoft’s
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