Microsoft to get tough with Yahoo
http://www.guardian.co.uk/business/2008/apr/29/microsoft.yahootakeover

Wall Street expects Microsoft to enter a protracted period of "trench warfare" in its attempt to buy Yahoo after the failure of its three-month-long attempt to bring the online company's board to the negotiating table. It is expected to launch a proxy battle and try to oust the Yahoo executive team while encouraging investors to accept its original $31-a-share offer, with the first shot fired possibly as early as this week. With the passing, on Saturday, of the deadline that Microsoft had set Yahoo to enter into negotiations without any comment from either side, shares in both companies declined yesterday, valuing Microsoft's bid at about $42.7bn.
Disappointing earnings figures from Microsoft last week prompted questions about whether the Windows software firm is in sufficiently hearty health to succeed with a hostile bid. But conversely Kessler said Microsoft's sluggish performance made the takeover all the more crucial.