Microsoft’s unsolicited acquisition bid for Yahoo is apparently looking more attractive to the now-minor Internet major, now that Carl Icahn has mounted a full-fledged fight for the nine seats now on Yahoo’s board.
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If Microsoft is serious about acquiring Yahoo, it would be wise to push the hostile-offer boat out just a little bit further. That’s the advice of Bill Miller, money manager for Legg Mason Capital Management, Yahoo’s second-largest institutional shareholder.
In a letter to investors, Miller said Legg Mason estimates Yahoo’s value to be in the [...]
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