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Microsoft Re-Enters Yahoo Takeover Battle

 July 08, 2008 01:35 PM
 


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(NewsVisual, powered by IntellectSpace) -- MicrosoftCorp (NASDAQ: MSFT) is reviving its intentions to aquire all or part of YahooCorp (NASDAQ: YHOO), and in the process could find a powerful ally in billionaire investor CarlIcahn.

The computer giant said Monday that it was willing to reconsider a deal with Yahoo if the internet services company was willing to replace its board. Many of Yahoo's current board has been strongly opposed to any attempts at a sale or break-up of the company in the past few months.

Microsoft's latest move could prove to be even stronger than the last, as the request to replace the board is something that major player Carl Icahn has been adamant about since Yahoo's first rejection of Microsoft's takeover offer.

Yahoo has responded to Microsoft's statements about it's conditions for a deal, accusing the company of working with Icahn to force a deal that may not be in the best interests of its shareholders. Despite Yahoo's very public contempt for Microsoft and Carl Icahn's proposals, the joining of these two forces could finally be what overtakes Yahoo's resistant board.

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