Yahoo Chief Executive Jerry Yang has told employees that the struggling internet pioneer is still examining ways to avoid a takeover by rival Microsoft.
“Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,” Yang wrote in an email.
“What’s become clear in the past few days is how much people care about this company. I’ve heard from many of you, and from other friends and colleagues from around Silicon Valley and across the globe, that we need to do what’s best for Yahoo and our shareholders.”
He emphasised no decision had been made on Microsoft’s six-day-old bid, initially valued at $US44.6 billion, or $US31 per share.
Source- AP