May 22
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Major Yahoo holder wants merger with Microsoft

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Major Yahoo holder wants sale to Microsoft: report

By Benjamin Pimentel, MarketWatch

Last Update: 6:37 PM ET May 22, 2008

SAN FRANCISCO (MarketWatch) — A leading portfolio manager at Legg Mason Inc., a
major shareholder in Yahoo Inc., reportedly wants Microsoft Corp. to buy the Web
portal instead of forging a partnership or a joint venture.

Fund manager Bill Miller said that he prefers an outright purchase of Yahoo
(YHOO) by Microsoft, despite the software giant’s assertion that it was no longer
interested in such a deal, Reuters reported Thursday.

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