Technology Industry Microsoft offers $44 billion for Yahoo! | Microsoft offers $44 billion for Yahoo! |
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| by Adam Turner | |
| Friday, 01 February 2008 | |
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Page 3 of 3 We have dedicated considerable time and resources to an analysis of
a potential transaction and are confident that the combination will
receive all necessary regulatory approvals. We look forward to
discussing this with you, and both our internal legal team and outside
counsel are available to meet with your counsel at their earliest
convenience.
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In light of the significance of this proposal to your shareholders and ours, as well as the potential for selective disclosures, our intention is to publicly release the text of this letter tomorrow morning. Due to the importance of these discussions and the value represented by our proposal, we expect the Yahoo! Board to engage in a full review of our proposal. My leadership team and I would be happy to make ourselves available to meet with you and your Board at your earliest convenience. Depending on the nature of your response, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal. We believe this proposal represents a unique opportunity to create significant value for Yahoo!'s shareholders and employees, and the combined company will be better positioned to provide an enhanced value proposition to users and advertisers. We hope that you and your Board share our enthusiasm, and we look forward to a prompt and favorable reply.
Sincerely yours,
Steven A. Ballmer |
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