Fair offer made to Yahoo: Microsoft

Reuters
Posted: 2008-04-11 15:13:12+05:30 IST
Updated: Apr 11, 2008 at 1513 hrs IST

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Mumbai, April 11: : Microsoft Corp believes it has made a fair offer to acquire Yahoo, its chief operating officer said on Friday.

"We believe we have made a very fair offer to Yahoo. Now it is up to the Yahoo board to decide," Kevin Turner said at a news conference in Mumbai to launch strategic initiatives with India's HCL Infosystems.

"The bid is a tactic and a strategy towards becoming a world class digital advertising company. With or without the acquisition we are committed to becoming a world class digital advertising company," he said.

Microsoft had threatened on Saturday to launch a hostile bid for Yahoo and could lower its offer of $42.4 billion in about three weeks if it does not get a deal.

The New York Times reported this week News Corp was in talks to join Microsoft's bid for the Web pioneer.

Yahoo announced on Wednesday a test to outsource Web search advertising to Google Inc, which sources say is part of a three-way alliance that would combine Yahoo with Time Warner Inc's AOL instead of Microsoft.

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Fair offer made to Yahoo: Microsoft

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