Yang responds: Dear Steve, raise your offer and we'll talk
In a letter addressed to "Dear Steve," Yahoo CEO Jerry Yang and chairman Roy Bostock responded this morning to Microsoft CEO Steve Ballmer's weekend letter. The pair write that Yahoo is not opposed to a Microsoft "transaction," but that at $42.25 billion, Microsoft's merger bid remains too low. Bostock and Yang also reject Ballmer's clam that Yahoo management refuses to negotiate. They admonish: "Steve, you personally attended two of these meetings and could have advanced discussions in any way you saw fit." Sounds like a call for the monkey dance to us. Yang and Bostock's whole letter is embedded below.
