Yahoo's Bostock: We Tried

Schachter, Ken
August 2008
Red Herring;8/1/2008, p1
Trade Publication
The article focuses on the claim made by Yahoo chairman Roy Bostock that Microsoft never stepped up to conclude the takeover deal it initiated on January 31, 2009. Bostock, apparently seeking to refute suggestions that founder and chief executive Jerry Yang had sabotaged the takeover, also stressed that the board of directors maintained control over the negotiations. When the board decided to treat a $2 per share increase in the takeover offer to $33 as a real proposal, the software company halted negotiations, Bostock said.


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