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Microsoft, Yahoo plot next move in takeover battle
The deadline for Microsoft's offer to acquire Yahoo expired over the weekend.
Now what?
Not much, so far.
Microsoft's top lawyer, Brad Smith, says no meetings have been scheduled between executives. But he declined to comment on the company's next move.
Three months ago Microsoft offered $45 billion for the San Francisco Internet company. Because of falling stock prices, the value of the offer dropped to about $42 billion.
Yahoo says it's worth more. Microsoft could make another offer or attempt to replace the Yahoo board.
Copyright © 2008 The Seattle Times Company
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