Wednesday, April 30, 2008

Second Request Alert: Microsoft's Attempted Hostile takeover of Yahoo, not so Hostile Afterall


"Microsoft Corp (MSFT.O) has considered earmarking $1.5 billion to retain Yahoo Inc (YHOO.O) employees if it acquires the company, according to court documents in a shareholder suit filed against Yahoo.
The $1.5 billion figure was discussed in a communication between the general counsels of Microsoft and Yahoo, and came to light when a lawyer representing Yahoo mentioned the amount in a March 24 hearing in a lawsuit in Delaware Chancery Court."

No comments: