Microsoft hints at Yahoo hostile takeover
Microsoft said its $US44.6 billion offer to purchase Yahoo is "fair" and hinted that it may pursue a hostile takeover of the Internet company, according to a statement Microsoft made Monday in response to Yahoo's formal rejection of its buyout offer.
In a statement, Microsoft said it's "unfortunate" that Yahoo "has not embraced" its proposal to combine the two companies, and the rejection of the offer "does not change our belief in the strategic and financial merits of our proposal."
The company also hinted that it may take the offer directly to Yahoo's shareholders, a move that could result in a hostile takeover.
