Yahoo! is willing to negotiate further with Microsoft, top executive Jerry Yang said in an interview on Tuesday, as he defended his handling of the aborted takeover bid. "We were totally willing to do a transaction, and they walked away," Yahoo! CEO Yang told the <i>Financial Times</i>, adding that he is open to renewing negotiations with Microsoft.
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/ 12 February 2008
Yahoo!’s rejection on Monday of Microsoft’s buyout offer sets the stage for the United States software giant to up the ante or attempt a coup by ousting the internet firm’s board of directors. Yahoo!’s board of directors spurned Microsoft’s takeover bid, saying the $44,6-billion offer is too low.