Sunnyvale, Calif.
Internet icon Yahoo, under pressure from Microsoft to accept its $41 billion buyout offer, said Monday it doesn't oppose a deal with the huge software maker but wants a better deal.The statement comes after Microsoft warned Saturday that if a deal isn't reached by April 26 the software maker will launch a hostile takeover at a less attractive price.
Jerry Yang, chief executive of Sunnyvale, Calif.-based Yahoo Inc., and Chairman Roy Bostock sent a letter Monday to Microsoft CEO Steve Ballmer.
(MSNBC.com is Microsoft-NBC Universal joint venture.)
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