Browse > Home / IT Magazine / Microsoft CEO sends the ultimatum letter of Yahoo board of directors

Microsoft CEO sends the ultimatum letter of Yahoo board of directors

April 7, 2008

Guide language: Microsoft is presiding apparitor Steve Baoermo (Steve Ballmer) is given out to Yahoo board of directors Saturday ” ultimatum is believed ” , if cannot be reached before April 26,claim trade, will start ill will to buy with lower price. The entire content of this letter is below:

On January 31, we were referred to Yahoo board of directors relatively price of excessive of Yahoo share price of 62% buy quoted price. On Feburary 1, we announced this one news external. From that later, had gone the time of two many months. We put forward such generosity buy quoted price, basically be to buy a process quickly, and finish final and friendlily trade. Nevertheless, in the past two months between us trade to still do not have any progress.

Although the administrative layer of two companies had finite communication, but the negotiation that did not begin any materiality, also cannot come to an agreement of course. We know, you are considering all the time and evaluate other replacement scheme, include to seek the other company with Internet industry to reach trade. But, you manage layer and Microsoft to begin a negotiation without accredit Yahoo all the time however, and ignored us completely buying program is you the choice with exclusive logical fairness. Case of this one party offerred the opportunity of future of company of a choice for every Yahoo partner, also added the option of content fabricant, advertiser and consumer at the same time.

Trade in this be immersed in standstill in two months, internet continues to develop ahead, but stock market and American economy appeared to comparative however the decline of extent, the influence to Internet company especially apparent. tripartite data shows, the share that Yahoo owns in search market, and page visit quantity all produces now to slip. Final, you adopted the new plan that aims to make the company controls authority change to become more difficult.

Will measure from any angle, the excessive price that we offerred this year in January has appeal more now. We believe, major shareholder holds with Yahoo this one viewpoint, although you announced not long ago,one develops the financial plan related foreground with future.

Be based on current condition, when we thought to go to two companies to sit together to launch a negotiation with respect to final amalgamative agreement now. What Microsoft is the same as Yahoo is amalgamative and OK offer greater value for bilateral partner, and the company that establishs to have efficiency and competition ability more, the client that is us offers Wu of more value kimono. If cannot at future 3 come to an agreement inside week, we will be forced to trade this partner of Yahoo of direct resort to, include to start a dealership to contend for battle, in order to elect new Yahoo director. We offer in buying program considerably excessive price enough makes clear, our hope and you are begun friendlily trade. If we are forced to quote to Yahoo partner directly, the company value that will give Yahoo brings you not to consider the effect that see, because we develop to future,the view of foreground will be mirrorred in buying quoted price.

You choose different Microsoft to begin the negotiation of materiality, because did not consider what such brushstroke can give Yahoo partner and employee to bring huge increase carefully to trade,be, this makes a person feel regretful. We think, you ought not to miss a such opportunities, this are very important. (Meng Fan)

Tags: , , , , , ,

Written by ITTech · Filed Under IT Magazine