The on going hostile takeover attempt of Yahoo from the guys at Redmond continued to heat up this week.

Earlier today Microsoft sent a letter to Yahoo’s board of directors in regards to their buyout offer from two months ago. Microsoft insists their offer is still good today, possibly even more valuable with recent market changes and changes within Yahoo. MS also noted that if Yahoo does not come to terms with a buyout that Microsoft will take the offer directly to the shareholders in three weeks.

Yahoo replied later on in the day noting that they are not against a buyout but feel they are worth more than MS’s current offer.  Yahoo believes their shareholders are understanding and will see their strategic three year plan and that they will follow along with advice from their board.

You can read the full offers and letters in the above links at NGOHQ.  It seems Yahoo is taking a slight gamble here in hopes that their stock holders don’t go for the quick cash which is more than what is currently offered for their shares.  Generally offers over the current price of the stock are very desirable and hence this whole buyout could tend to go Microsoft’s way.

We will keep you posted as this continues to develop as it could have repercussions for the whole internet if this deal does go down and gets regulatory approval.

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