Yahoo CEO Says No Decision Yet on Microsoft Bid

By Reuters -  |  Posted 2008-02-06

SAN FRANCISCO, Feb 6 (Reuters) - Yahoo Chief Executive Jerry Yang told employees in an e-mail that no decision has been made about Microsoft Corp's bid to buy the company for $44.6 billion.

Yang said in the message, which was filed with the U.S. Securities and Exchange Commission, the Yahoo board is evaluating various potential strategic alternatives and has hired "top advisors" to assist it through the process.

The e-mail, addressed to "yahoos" and written in lower case letters, said: "as we've said, no decision has been made about microsoft's proposal. our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape."

(Editing by Derek Caney)

Copyright Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world.