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Microsoft Favoring Hostile Yahoo! Bid
SAN FRANCISCO - Microsoft(MSFT Quote) is reportedly leaning toward a hostile takeover of Yahoo!(YHOO Quote) -- and is likely to make an announcement Friday.
Both companies have been awkwardly silent since Microsoft's deadline for Yahoo! to come to the table and negotiate a deal passed almost a week ago with no movement. But now the Wall Street Journal is reporting that Microsoft is inclined to take its case directly to Yahoo!'s shareholders.
Neither Microsoft nor Yahoo! had any comment on Friday. ...
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