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Yahoo has responded to the three-week ultimatum letter Microsoft sent on Saturday, reports Reuters (via MarketingVox).
In a response addressed to Microsoft CEO Steve Ballmer, the board of Yahoo tried to demonstrate it is not opposed to an acquisition, it simply thinks Microsoft’s bid is too low.
“Our board’s view of your proposal has not changed,” wrote Chairman Roy Bostock and CEO Jerry Yang. “We continue to believe that your proposal is not in the best interests of Yahoo and our stockholders.”
Yahoo also argued it is on solid financial ground and admonished Microsoft to examine its own corporate physique. “As a result of the decrease in your own stock price, the value of your proposal today is significantly lower than it was when you made your initial proposal,” Yahoo brazenly argued.
Per the letter Microsoft sent on Saturday, Yahoo company has three weeks to act on the buyout bid before Microsoft goes from “unsolicited but friendly” to “unsolicited and hostile.” Ballmer also threatened to lower the offer price.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
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CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
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Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
