Yahoo lukewarm on Microsoft bid

by enathu | April 7, 2008 at 04:57 am

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The Yahoo response of the Microsoft's bid. Microsoft has set a deadline for the their offer recently to the Yahoo.

Internet search engine Yahoo says it is "not opposed" to Microsoft's takeover bid, but wants a better price.

The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal.

Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price.