Yahoo to Microsoft: Make a better offer

[emily12]

Hello
Yahoo has officially responded to Microsoft’s weekend letter to its board, giving the company a three-week deadline to either agree to Microsoft’s $31 per share offer to take over the company, or face a hostile takeover at a lower price. In a formal response to Microsoft, Yahoo says it isn’t opposed to a deal with Microsoft, but Microsoft needs to offer more money…although Yahoo doesn’t say how much.
Thanks