Welcome to WebmasterWorld Guest from 54.226.32.234

Forum Moderators: open

Message Too Old, No Replies

Shareholder Backs Yahoo In Microsoft Bid

     

engine

10:16 am on Apr 9, 2008 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



A major Yahoo Inc shareholder, Legg Mason, is ready to back Yahoo's effort to stay independent if Microsoft Corp lowers its buyout offer, the Wall Street Journal said, citing an interview with portfolio manager Bill Miller.

"The problem is Microsoft blundered with the letter this weekend," Miller told the Journal, referring to Microsoft Chief Executive Steve Ballmer's letter to Yahoo giving it three weeks to evaluate the $42 billion takeover offer, after which it threatened to resort to a proxy battle.

Shareholder Backs Yahoo In Microsoft Bid [uk.reuters.com]

BillyS

1:46 am on Apr 10, 2008 (gmt 0)

WebmasterWorld Senior Member billys is a WebmasterWorld Top Contributor of All Time 10+ Year Member



>>Legg Mason, is ready to back Yahoo's effort to stay independent

And we're supposed to believe a company that lost $200 million in the Bear Stearns debacle.

 

Featured Threads

Hot Threads This Week

Hot Threads This Month