Wednesday, February 20, 2008

Yahoo embraces new severance plan to fight off Microsoft - report

Yahoo, the Sunnyvale, California listed Internet company, that is fighting a hostile bid from Microsoft, embraced a new severance plan to try to fight off Microsoft, reported the Boston Herald. The unsourced report, part of the paper's Ticker section, reported that Yahoo is offering severance plans that pay employees for as long as two years. Microsoft made a USD 44.6bn offer for Yahoo.


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