Yahoo!s,
Today Microsoft announced that it has withdrawn its proposal to acquire Yahoo! From the beginning of this process, our independent board and leadership team have maintained that Microsoft’s offer undervalues the company, and we’re pleased that many of our shareholders agreed with us. Our board and leadership team now remain focused on maximizing shareholder value and pursuing strategic opportunities that position us for success and leadership in our markets.
Of course, we anticipate that Microsoft’s announcement will draw media attention and speculation as to what happens next for Yahoo! That means …