Bill, You Sly Dog, You Faked Us Out

Wednesday, February 20, 2008

Bill, You Sly Dog, You Faked Us Out

Posted By James Sadler

In yesterday's blog, I told you how it looked like Microsoft was backing off its attempt to buy Yahoo!, as Bill Gates said they would not up their offer and indicated they could move on with or without Yahoo!.

Turns out Bill was doing a bit of a fake out on us. Now we learn that Microsoft is taking a different tack, essentially running an end around the current Yahoo! board of directors' rejection of their offer. Microsoft is now planning to to start a proxy fight to try to replace Yahoo's board of directors with a slate of more Microsoft friendly directors.

This story for the San Jose Mercury News gives you all the current details.

Looks like Yahoo! may have to give a call to Rupert Murdoch at Newscorp after all.

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