Hi,/SPAN>/P>
Here is the exact transcript of the letter send by Steven Ballmer to Yahoo to purchase Yahoo./SPAN>/P>
January 31, 2008/o:p>/P>
Board of Directors
Yahoo! Inc.
701 First Avenue
Sunnyvale, CA 94089
Attention: Roy Bostock, Chairman
Attention: Jerry Yang, Chief Executive Officer/o:p>/P>
Dear Members of the Board:/o:p>/P>
I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share consideration of $31 based on Microsoft’s closing share price on January 31, 2008, payable in