Microsoft, Yahoo Exchange Letters of Warning

<a href="">The New York Times</a>, <a href="">ZDnet</a>

Jim Manico, OWASP Global Board Member

April 7, 2008

1 Min Read

In a letter sent to Yahoo on Saturday, Microsoft says it is ready to begin a proxy fight if the two companies can't negotiate a merger deal by the end of the month.And in a letter fired back Monday morning that begins "Dear Steve," Yahoo still maintains Microsoft will have to up its offer "at a value that fully reflects the value of Yahoo!, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."

Microsoft's initial bid for Yahoo, announced Feb. 1, was for $31 per share; since that time, the offer has been reduced to around $29 in light of the weakening stock market. Executives from each company met as recently as last week, but discussions did little to further the proposed merger.The New York Times, ZDnet

About the Author(s)

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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