Yahoo! investor urges Microsoft to take its partial investment offer directly to shareholders
Even though Yahoo!’s board opted to side with Google in its eagerness to shrug of Microsoft’s advances, the company may not be out of the woods quite yet. Mark Nelson, a partner in Mithras Capital, which owns 1.7 million Yahoo shares has written to Microsoft urging the company to reconsider its partial deal for Yahoo!’s search engine business.
“Now is the time, prior to the imminent proxy election, to substantiate that claim and take it directly to Yahoo shareholders,” Nelson stated. His comments coincide with the anticipated proxy battle between billionaire investor Carl Icahn and Yahoo! CEO Jerry Yang, along with the rest of the existing board of directors.
Last week though, Microsoft CEO Steve Ballmer seemed to be ringing his hands in despair at the search engine wars and offered general disdain for most other internet related things. However, his talk of an “alternative proposal” earlier in the month implies that there could still be room for negotiation.
For a minute there, it sounded like Micrahoosoft was definitely off, but it seems nothing can really be ruled out until after the proxy brawl.
(via Reuters)
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