TOI Monday 25th February, 2008
SAN FRANCISCO: A Microsoft executive on Friday sent workers an upbeat email outlining a vision of how the software giant expects to take over Yahoo and merge the companies’ cultures and resources.
Yahoo spurned Microsoft’s $44.6-billion bid for the veteran internet firm on February 11. Microsoft is reportedly planning a hostile takeover bid if Yahoo’s board of directors doesn’t change its mind. In a message to employees, Microsoft platform and services division president Kevin Johnson shared “a perspective of the process going forward.” “We look forward to a constructive dialogue with Yahoo’s board, management, shareholders, and employees on the value of this combination and its strategic and financial merits,” Johnson wrote.
“Once Yahoo and Microsoft agree on a transaction, we can begin the integration planning process in parallel with the regulatory review.” If Yahoo capitulates, the transaction would likely close in the second half of this year, according to Johnson
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