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Thursday, February 28, 2008

Yahoo! Distracted by Microsoft Bid

Yahoo! Executives admitted in their annual report that the top executives had been distracted from regulart duties by the unwelcomed bid by Microsoft to take over its holdings for a $44.6 billion bid. Yahoo! reports that advertisers, publishers and key employees may not want to wait out any future negotiations that would leave those parties without their partnership with Yahoo! if a future takeover is successful.

Yahoo! also has 7 lawsuits pending against it, according to SearchEngineJournal, related to the Microsoft bid turndown.