Microsoft to authorize Yahoo proxy battle: report
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Tue, 19 Feb 2008 16:40:01 GMT |
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Reuters |
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US (Business) |
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LOS ANGELES (Reuters) - Microsoft Corp will authorize a proxy battle for Yahoo Inc this week to convince the Web company's shareholders to agree on a takeover deal that the Yahoo board so far has rejected, the New York Times' Dealbook blog said on Tuesday.Quoting people briefed on the matter, the Times Web site said that Microsoft, which has been expected to raise its cash-and-stock bid originally worth $44.6 billion, would seek to nominate a slate of directors by March 13, if Yahoo's board did not enter talks.(Reporting by Peter Henderson; Editing by Derek Caney)
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