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Microsoft Threatens Yahoo! with Hostile Takeover & Lower Bid: WSJ
Microsoft has given Yahoo! three weeks to come to terms or suffer a proxy fight for control of its board and a hostile takeover according to a Wall Street Journal report. Microsoft CEO Steve Ballmer reportedly sent Yahoo's board a letter today, a few days after Microsoft's second go-nowhere meeting with Yahoo since it publicized its $44.6 billion stock-and-cash bid for the company over two months ago.
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