MOST SHARED
- Case Closed but Woods Scrutiny Continues
- UK Economy Turned, Inflation to Spike: BoE Economist
- Cisco Has 84% of Tandberg, Won't Extend Bid
- Kohlberg Kravis Bidding for Morgan Stanley's CICC Stake
- Australia Regulator Opposes Caltex-Exxon Deal
- GE, Comcast Complete Deal Over NBC Universal: Source
- Toyota Takes Lead Position in Canada in November
- Mortgage Applications Up as Rates Continue to Decrease
- Wal-Mart Targets Video Games with Latest Price Cuts
- 'Black Swan' Shuns Public Life Because of Bernanke
- Dubai World To Meet with Creditors Next Week
- FHA to Toughen Mortgage Rules in Lenders Crackdown
- Obama to Send More Troops; Seeks Afghanistan Exit
- Blog: Will Whitacre Bring Better Results to GM?
- Geeks Replacing Swashbucklers on Wall Street
Text Size 
An investor with a minority stake in Yahoo on Thursday urged Microsoft to take its most recent proposal for a partial investment directly to Yahoo shareholders and prove its merits.
 |
CNBC.com |
]. Microsoft [MSFT
Loading...
()
] abandoned a $47.5 billion offer to buy all of Yahoo last month, but more recently discussed a transaction to take a 16 percent stake in Yahoo [YHOO
Loading...
()
] and buy its search business for $9 billion. Talks broke down last week.
Microsoft said its alternate deal was still open for discussion, though Yahoo maintains that selling its search business would be tantamount to giving up on future growth in the wider online advertising market.
"Microsoft claims that it has a clearly superior transaction," Nelson wrote in a letter that he said was e-mailed and faxed to Microsoft Chief Executive Steve Ballmer.
"Now is the time, prior to the imminent proxy election, to substantiate that claim and take it directly to Yahoo shareholders," Nelson said.
Yahoo faces a proxy battle against billionaire investor Carl Icahn ahead of its annual shareholders meeting on Aug. 1.
Microsoft and Yahoo officials were not immediately available for comment.
Print
Email
- Will the Fed raise rates? Will the dollar continue its slide? CNBC experts weigh in on the year ahead.
- CNBC’s Larry Kudlow offers Tiger Woods some advice on dealing with tabloid scrutiny.
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- Dictionary.com says that of all words searched for in 2009, a synonym for greed was the top gainer.
- Heavily armed pirates in Somalia have set up a sort of stock exhange to fund their hijackings.
- Since its launch in 1998, Google has become a primary force on the Internet. How much do you know about the company?
Data is a real-time snapshot *Data is delayed at least 15 minutes