05/01: No Decision After Wednesday Meetings
Posted by Patrick
From The Wall Street Journal:
Via CNBC.
Microsoft didn't reach a final decision following Wednesday's board meeting, according to people familiar with the matter. The directors gave Mr. Ballmer broad discretion to either go hostile or abandon the Yahoo pursuit, and the final outcome remained a toss-up in the wake of the meeting, the people say. One middle path that remained an option was nominating a proxy slate of directors to replace Yahoo's board, while waiting to put any acquisition offer directly to Yahoo shareholders. An announcement was expected later in the week, say the people familiar with the matter.
Via CNBC.
