Shareholder Backs Yahoo!, Supports Independence

Posted by Zonk on Wednesday April 9, 2008 @06:34AM from the settle-back-folks-going-to-take-a-while dept.

mikkl666 writes "In a follow-up to yesterday's story about the struggle between Microsoft and Yahoo!, major Yahoo! shareholder Legg Mason has announced that they are ready to back the company in their effort to keep out of Microsoft's grip. According to portfolio manager Bill Miller, 'the problem is Microsoft blundered with the letter this weekend. Telling the shareholders you're going to take something away from them is not a way to get their support'. Nevertheless, he believes Microsoft will end up paying what it takes to own Yahoo."

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Re:It's a start by RobBebop · 2008-04-09 07:08 · Score: 5, Informative

I have no idea who Legg Mason is, or what influence he has
Legg Mason is an investment firm that owns a 6% stake of Yahoo.
This is actually 83,843,501 votes AGAINST the current MSFT offer.

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