Microsoft Gives Yahoo 3 Weeks For 'Definitive Agreement' To Buyout

Microsoft's CEO Steve Ballmer spent some quality time with his negotiations team over the past few hours and considered the actions of Yahoo concerning the $44.6 billion bid issued publicly back in February, and has come to a conclusion: enough is enough. Redmond has now made it clear in a letter published today that the Yahoo board has three weeks to come to some sort of agreement.

What Ballmer wants to do between now and then is sit down, have a nice, super-serious chat about Microsoft and Yahoo's desires going forward. Ballmer wants to make some impression of cordiality. If he can do things civil, he wants civil. Yet he makes evident that if the two parties are not to come to a "definitive agreement," Microsoft "will be compelled to take (its) case directly to (Yahoo's) shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo board."

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