A Microsoft executive on Friday sent workers an upbeat email outlining a vision of how the software giant expects to take over Yahoo and merge the companies' cultures and resources. Yahoo spurned Microsoft's 44.6-billion-dollar bid for the veteran Internet firm on February 11. Microsoft is reportedly planning a hostile takeover bid if Yahoo's board of directors doesn't change its mind. In a message to employees, Microsoft platform and services division president Kevin Johnson shared "a perspective of the process going forward."
"We look forward to a constructive dialogue with Yahoo's board, management, shareholders, and employees on the value of this combination and its strategic and financial merits," Johnson wrote. "Once Yahoo and Microsoft agree on a transaction, we can begin the integration planning process in parallel with the regulatory review." If Yahoo capitulates, the transaction would likely close in the second half of this year, according to Johnson.
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