Hazirak
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Remember a couple months back when Microsoft made that offer to buy out Yahoo!, who flat-out refused? Microsoft has finally said "enough of the waiting" in a publicly released letter to Yahoo!'s board of directors.
Good knowing you, Yahoo!, it was fun while it lasted...
In layman's terms, this means if Yahoo! doesn't willingly agree to Microsoft's merger offer, Microsoft will attempt to take them by force.... we believe now is the time for our respective companies to authorize teams to sit down and negotiate a definitive agreement on a combination of our companies... If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo! board...
Good knowing you, Yahoo!, it was fun while it lasted...