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| Version 1 | Version 2 |
|---|---|
| Yahoo lukewarm on Microsoft bid | Yahoo lukewarm on Microsoft bid |
| (10 minutes later) | |
| Internet search engine Yahoo says it is "not opposed" to Microsoft's takeover bid, but wants a better price. | |
| The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal. | The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal. |
| Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price. | Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price. |
| The software giant made an unsolicited $44.6bn (£22.3bn) takeover offer for Yahoo on 31 January. | The software giant made an unsolicited $44.6bn (£22.3bn) takeover offer for Yahoo on 31 January. |
| But Yahoo rejected the deal, saying it substantially underrated the company's value and prospects. | But Yahoo rejected the deal, saying it substantially underrated the company's value and prospects. |
| 'Counterproductive' | 'Counterproductive' |
| "We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders," the letter said. | "We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders," the letter said. |
| "Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders." | "Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders." |
| In the letter, Yahoo said the threat to begin a hostile takeover was "counter-productive". | In the letter, Yahoo said the threat to begin a hostile takeover was "counter-productive". |
| Yahoo has been seeking links with other media and internet firms that would help it retain its independence. | Yahoo has been seeking links with other media and internet firms that would help it retain its independence. |
| However, most companies with the financial clout to rescue Yahoo from Microsoft's advances would face scrutiny from competition authorities around the world, should they make a move on the internet veteran. |