Yahoo's response unfortunate: Microsoft

Published on Tue, Feb 12, 2008 at 17:59 |  Source : CNBC-TV18

Updated at Tue, Feb 12, 2008 at 21:39  

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Yahoo's response unfortunate: Microsoft

Microsoft says Yahoo! 's rejection of its multibillion dollar buyout offer is unfortunate, reports CNBC-TV18.

 

Microsoft said the response from Yahoo! does not change the company's belief in the strategic and financial merits of the takeover proposal. Microsoft added that it reserves the right to "pursue all necessary steps" to ensure Yahoo! shareholders have a chance to benefit from the offer, that was initially valued at USD 44.6-billion.

  

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