Jerry Yang Explains Yahoo’s Rejection of Microsoft Bid

Miguel Helft reporting for The New York Times:

The letter is not likely to hold many surprises for investors who follow Yahoo closely, as it largely repeats points the company’s executives have made in recent months. And it sheds no light into what next steps Yahoo might pursue, following Monday’s rejection of Microsoft’s offer. Microsoft has vowed to press forward with its bid.

Yang did, however, use capital letters this time.

★ Thursday, 14 February 2008