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Microsoft Frees Yahoo Alt. Board Members
ADOTAS –Microsoft’s drawn-out blow-off of Yahoo continues unabated: the software giant told its alternative board members (in the event of a hostile takeover) that their services would no longer be needed. The law firm Sullivan & Cromwell delivered the news via e-mail, according to The Wall Street Journal.
The unhappy couple could still reunite though: if Yahoo’s shares continue to hit the skids, they may be redouble their efforts to re-spark the seemingly ambivalent Microsoft’s interest.
Yahoo’s shares were down 1.33% to $25.87 as of 11:15 a.m. while Microsoft’s were slightly higher, up 0.61% to $29.45.
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