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Yahoo buys time

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Yahoo is buying itself more time in its bid to fend of a Microsoft acquisition. 

 

Although the deadline for nominating directors to the board was 14 March, the company has extended that deadline until 10 days after it announces the date of its annual meeting. It hasn't yet announced that data.
Microsoft will attempt to take over Yahoo by nominating its own board of directors, so the move by Yahoo is a way of buying time.
In an email to employees, Yahoo CEO Jerry Yang explained that moving the nomination deadline would remove the distraction of a looming proxy fight and allow the board to focus on other options.
It is believed Yahoo has started talking to Time Warner about a possible tie-up with AOL.