Yahoo looks to protect workers in case of Microsoft takeover
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Yahoo has introduced new severance plans that would give employees up to two years' salary if their contracts are terminated following a takeover.
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Microsoft says its billion-dollar offer to purchase Yahoo is "fair" and suggested that it may pursue a hostile takeover of the Internet company.
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Yahoo Inc's board met by telephone on  Friday and discussed strategy for getting Microsoft Corp to  raise its $42 billion offer for the company and the possibility  of hiring Google Inc to run Yahoo's search, the Wall Street  Journal said.
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In an escalation of its fight for Yahoo, Microsoft will authorize a proxy fight this week, people briefed on the matter told DealBook.
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Yahoo has not reached a decision about&#160;Microsoft&#39;s acquisition offer&#160;and is considering &quot;a wide range of potential strategic alternatives,&quot; Yahoo CEO Jerry Yang said in an e-mail to employees on Wednesday.In the e-mail, which was addressed to &quot;yahoos&quot; and filed with the U.S. Securities and Exchange Commission, Yang said the Yahoo board is still reviewing the deal and will &quot;take the time it needs to do it right.&quot;&quot;Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,&quot; he wrote in the e-mail, typed in all lowercase letters.Microsoft made its unsolicited bid for Yahoo last Friday, offering to pay $44.6 billion for the company, or 62 percent over Yahoo&#39;s closing share price Thursday. The deal would greatly expand Microsoft&#39;s search and advertising business and could help it to compete better with Google online.Yahoo is understood to be lukewarm on the offer. The company hopes a rival suitor will emerge with a counteroffer or that it can forge a deal with Google that will allow it to remain independent, according to Wednesday&#39;s Wall Street Journal newspaper, which cited unnamed sources.However, analysts have said it is unlikely another company could match Microsoft&#39;s sizeable offer, and a business deal between Yahoo and Google could raise antitrust concerns because of Google&#39;s already dominant market position.In the e-mail, Yang thanked the Yahoo staff for staying focused on their work amid the turmoil. The company has hired &quot;top advisors&quot; to assist it through the process and is focused on maximizing value for its shareholders, he said.
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Yahoo's fiercest competitor, Google, has raised concerns about the possibility of Microsoft's takeover. Google's motives, of course, are hardly pure.
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Google could help keep Yahoo away from Microsoft if it took over selling search ads for Yahoo in return for a very large check. That money could help finance all sorts of possible deals.
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InfoWorld - Yahoo may team up with News Corp. to fend offÂ Microsoft's bid to buy the struggling Web portal, according to a Wall Street Journal report on Wednesday.
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Microsoft Corp will authorize a  proxy battle for Yahoo Inc this week to convince the Web  company's shareholders to agree on a takeover deal that the  Yahoo board so far has rejected, the New York Times' Dealbook  blog said on Tuesday.
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The possibility of a merger between Microsoft and Yahoo is raising concerns among privacy advocates, who worry that it could lead to even more  tracking of online behavior for advertising purposes.
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Business & money: Online search firm Yahoo, subject to takeover interest from Microsoft, tells of rival offer from News Corp
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Microsoft Corp will authorize a proxy  battle for Yahoo Inc this week to convince the Web company's  shareholders to agree on a takeover deal that the Yahoo board  so far has rejected, the New York Times' DealBook blog said on  Tuesday.
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Even before Microsoft offered its buyout bid, Yahoo acknowledged plans to lay off about 1,000 workers. Now, those layoffs are under way, regardless of Microsoft's acquisition hopes, with pink slips being handed to the leaders of Brickhouse and Yahoo Personals, among others.
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Yahoo Inc's board of directors is to  meet on Friday to discuss Microsoft Corp's $44.6 billion buyout  offer, the TechCrunch blog said, citing unnamed sources.
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Yahoo Inc. and Symantec Corp.  unveiled a joint consumer Internet security service on Monday  that will help the two companies compete against major rivals  such as Google Inc. and Microsoft Corp..
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Yahoo Inc's  board met by  telephone on Friday and discussed strategy for getting  Microsoft Corp  to raise its $42 billion offer for the  company and the possibility of hiring Google Inc to run Yahoo's  search, the Wall Street Journal said.
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Microsoft plans to authorize a proxy fight to oust Yahoo's board, according to The New York Times.