Yahoo searches for more value

April 07, 2008 In a weekend letter, Microsoft CEO Steve Ballmer threatened to launch a proxy battle in the software giant's effort to acquire Yahoo, and on Monday Yahoo struck back with a cantankerous response. Yahoo also criticized Microsoft for not providing information Yahoo needs in order to assess whether a Microsoft-Yahoo combination would pass regulatory muster. In Saturday's letter, Ballmer gave Yahoo three weeks -- until after the Web firm's first-quarter earnings report, which Microsoft apparently hopes will show some weakness -- to accept its $41 billion offer or perhaps face negative consequences.

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