Yahoo Still Weighing Options After Microsoft’s Bid
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Yahoo! Inc., the world’s second-most popular Internet search engine, said it’s still examining a $44.6 billion unsolicited takeover bid from Microsoft Corp. and evaluating other options.
The company has a ‘wide range’ of strategic alternatives, Chief Executive Officer Jerry Yang said in an e-mailed message to employees. The message was included in a regulatory filing today. He urged employees to stay focused as Yahoo pursues its ‘transformation strategy.’ Microsoft made the $31-a-share offer last week, aiming to unite the second- and third-biggest Web search providers to take on rival Google Inc., which dominates Internet advertising sales. Microsoft predicts that the market for online ads will almost double to $80 billion by 2010.
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