After getting the good offered $44.6 billion, or 62 percent above by Microsoft, Yahoo signalled on Monday that it was ready to strike a deal, but said it was worth far more than the $41 billion package offered.
"Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders," the board wrote.
Microsoft warned on Saturday it would launch a hostile takeover bid if Yahoo didn’t accept its buyout terms by April 26, 2008.