Microsoft Board Fails to Decide on Yahoo
Microsoft Corp's board met on Wednesday to discuss its stand-off with Yahoo Inc over its $41.8 billion takeover bid, but failed to reach a decision on what to do next, according to a Wall Street Journal report.
Microsoft's board of directors is still weighing whether to adopt a hostile approach and nominate a proxy slate of directors to replace Yahoo's board, sweeten its cash-and-stock offer for Yahoo, or possibly walk away from the deal, the Journal said.
A Microsoft spokesman was not available for comment.
