Monday, April 7, 2008

Microsoft gives Yahoo three weeks

Yahoo billboard
Yahoo said Microsoft's original offer undervalued the firm

Computer software giant Microsoft has given Yahoo a three-week deadline to respond to its offer to buy out the internet company for $44.6bn (£22.3bn).

Microsoft CEO Steve Ballmer said his company would take its case directly to Yahoo's shareholders if Yahoo's directors did not respond by 26 April.

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