Yahoo's response yesterday led to Microsoft issuing a statement of their own: "It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies, " and added "as we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal."
What does this mean? It means that Microsoft wants to take Yahoo!, and they're probably going to the shareholders to do it. On top of that news is 1,000 layoffs for Yahoo! employees. This happens mere days after Yahoo! CEO thanked his employees for sticking it out. There are rumors of a deal between internet has-been AOL and Yahoo! priced at $40 a share, but it seems like the old assimilate everything Microsoft is back.
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