See the full post for other permutations
One explanation for Microsoft’s ambiguity is that the company simply wants to destroy Yahoo rather than buy it. I wrote last month that all the departures of top Yahoo executives, prompted in part by the company’s artless response to Microsoft, may have sent it into a death spiral. And now, if Microsoft can encourage shareholders to back Mr. Icahn but not actually buy the company, Yahoo well could end up even weaker than before.
Microsoft: Machiavellian or Muddled? - Bits - Technology - New York Times Blog
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