Yahoo and Microsoft battle intensifies

Microsoft plans to wage a proxy fight against Yahoo. Microsoft sees a real benefit in acquiring Yahoo – a benefit large enough to make it deviate from its two fundamental policies:

  • Microsoft doesn’t buy large corporations
  • Microsoft doesn’t go against the will of the other company, if it doesn’t want to get bought.

The way proxy fight works is that Microsoft will request Yahoo investors to remove Yahoo’s board of directors. Yahoo, on the other hand is apparently seeking other options to counter the possible hostile takeover.

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