Yahoo Looks at New Way to Survive

YAHOO LOOKS AT NEW WAY TO SURVIVE
[SOURCE: New York Times, AUTHOR: Andrew Ross Sorkin]
As it scrambles to avoid defeat in its battle with Microsoft, Yahoo may try to put a little more time on the clock. Microsoft, whose offer for Yahoo is now worth $41.2 billion, was preparing to escalate its takeover fight by starting a proxy contest next week. But in an effort to delay that move, Yahoo is considering several options, including a plan to postpone its annual meeting. The maneuver comes as Yahoo has stepped up merger and joint venture talks with AOL, a unit of Time Warner. Microsoft had been preparing to nominate a slate of directors to the board of Yahoo by next Thursday, the deadline for mounting a proxy contest. If Yahoo moves back that deadline back or postpones its meeting, something it could announce as early as this week, the company could buy time to seek out and evaluating alternatives.
http://www.nytimes.com/2008/03/05/technology/05yahoo.html?ref=todayspape...
(requires registration)

* Yahoo Steps Up Talks With Time Warner
http://online.wsj.com/article/SB120468830515212763.html?mod=todays_us_ma...

* Yahoo, Time Warner step up combination talks
http://www.reuters.com/article/technologyNews/idUSN0555400320080305