Microsoft is considering launching a hostile bid for search provider Yahoo as early next week if Yahoo does not begin talks soon, Chief Financial Officer Chris Liddell said today. Liddell repeated a threat by Chief Executive Steve Ballmer on Wednesday to withdraw Microsoft's $31 a share cash and stock offer if Yahoo does not start negotiating. According to the CFO, Yahoo management has "unrealistic expectations" of its value. "
We have been clear that speed is of the essence to make sense," he told investors on a conference call to discuss quarterly results.
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