Microsoft To Aim For Coup If Yahoo! Doesn’t Talk - Newspaper | Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

Microsoft To Aim For Coup If Yahoo! Doesn’t Talk - Newspaper

Mar.03, 2008 in Market Outlook

LONDON (Dow Jones)–Microsoft Corp. (MSFT) is to attempt a boardroom coup at
Yahoo! (YHOO) within a week in an effort to force the online search engine to
start serious talks or accept its $41 billion hostile bid, The Times in London
reports Monday, without citing sources.

Microsoft is preparing to nominate a “slate” of executives to sit on the Yahoo!
board, the report says.

Although Microsoft isn’t allowed to seek private understandings from its chosen
executives that they would accept the software giant’s offer, in practice the
executives would recommend that Yahoo! begin serious talks or accept the
approach, the report says.

According to the rules which govern the way in which Yahoo! is set up, any
shareholder can nominate directors before the annual meeting, with the deadline
set at March 14. Should Microsoft’s nominations be successful, their appointment
would be effective immediately, the report says.

Newspaper Web site: www.timesonline.co.uk

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