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'Funding gatekeeper' wants to see a more aggressive Microsoft

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  • Microsoft could also decide to make an offer directly to shareholders, called a tender offer, which would put more pressure on Yahoo's board to negotiate. At the same time, Microsoft could also set a deadline for its bid, known as an “exploding offer”.

    And if Microsoft decides to make this a nasty battle, it could start a proxy contest to oust Yahoo's board at its next election; it would have until March 13 to nominate a new slate of directors.

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