Microsoft Sets The Deadline For Yahoo
Microsoft has just officially announced that they have given a time frame of three weeks for Yahoo to complete the transaction that was proposed to them. The buyout offer is a remarkable 41 Billion US$ but Yahoo has yet to decide on the deal which left Microsoft very frustrated. The giant Microsoft also said that they will take their case directly to the shareholders if they have to which would result in a lower offer leaving Yahoo in a big situation here.
It will be interesting to see how Yahoo responds to the deadline as the clock is ticking and they currently have until April 26th to come to a decision.