Yahoo Open for Higher Bids

Yahoo Inc. has said that it is open to pursuing any transaction which is in the best interest of its stockholders.

“Yahoo has confirmed with Microsoft that it is not interested in pursuing an acquisition of all of Yahoo! at this time. Yahoo! and its Board of Directors continue to consider a number of value maximizing strategic alternatives for Yahoo!, and we remain open to pursuing any transaction which is in the best interest of our stockholders. Yahoo!’s Board of Directors will evaluate each of our alternatives, including any Microsoft proposal, consistent with its fiduciary duties, with a focus on maximizing stockholder value ,” a Yahoo release said.

Yahoo has further announced that it will be filing a proxy statement and accompanying white proxy card with the Sec in connection with the solicitation of proxies for its 2008 annual meeting of stockholders. Stockholders are strongly advised to read Yahoo’s 2008 proxy statement when it becomes available because it will contain important information.

Stockholders will be able to obtain copies of Yahoo’s 2008 proxy statement and other documents filed by Yahoo with the Sec in connection with its 2008 annual meeting of stockholders at the Sec’s website at or at the Investor Relations section of Yahoo!’s website at Yahoo!, its directors and its executive officers may be deemed participants in the solicitation of proxies from stockholders in connection with Yahoo’s 2008 annual meeting of stockholders. Information concerning Yahoo!’s directors and officers is available in its Form 10-K/A for the fiscal year ended December 31, 2007, filed with the Sec on April 29, 2008.

Yahoo Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California.

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