Microsoft's latest move in the Yahoo saga is "imminent" according to The Wall Street Journal
. "Imminent" as in possibly today. One option Microsoft has is nominating a slate of directors to
replace Yahoo's board. TechCrunch says it knows 8 of Microsoft's 12 proposed replacements, which includes former Fox Interactive Media chief Ross Levinsohn. The Journal says the software giant has now
selected 10 nominees and three alternates, as Yahoo's poison-pill anti-takeover maneuver requires that Microsoft completely remove its board.
Nominating a board slate also buys Microsoft
time to either scale back or walk away from its $42 billion bid, or go directly to Yahoo's board with a hostile acquisition offer. This "would represent a largely unanticipated middle path for
Microsoft between walking away from its bid and pushing forward an aggressive hostile-takeover campaign," The Journal says. Microsoft has said it would announce its next move this week after setting a
deadline of last Saturday before going hostile with its bid for Yahoo.
Read the whole story at The Wall Street Journal »