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Steve's love letter to Yahoo

Posted on February 03, 2008

Wish I had seen this one coming.January 31, 2008Board of DirectorsYahoo! Inc.701 First AvenueSunnyvale, CA 94089Attention: Roy Bostock, ChairmanAttention: Jerry Yang, Chief Executive OfficerDear Members of the Board:I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share consideration of $31 based on Microsofts closing share price on January 31, 2008, payable in the form of $31 in cash or 0.9509 of a share of...

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