While we await the news of Microsoft's next move in its pursuit of the unsolicited Yahoo acquisition, the Wall Street Journal has learned that the software giant plans to spend $1.5 billion to retain Yahoo employees should a merger - or takeover - occur.
The plan was revealed in court transcripts regarding a suit by shareholders against Yahoo's directors. The shareholders who filed the suit feel that Yahoo hasn't responded in good faith to Microsoft's bid. The suit was brought forth by two Detroit pension funds. The lawyers for the funds argued that a recent expansion of Yahoo employee benefits make it difficult for shareholders to get maximum value should an acquisition take place.
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Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!