Microsoft, whose offer for Yahoo is now worth $41.2 billion, was preparing to escalate its takeover fight by starting a proxy contest. But in an effort to delay that move, Yahoo is considering several options, including a plan to postpone its annual meeting, people close to the company said on Tuesday. The maneuver comes as Yahoo has stepped up merger and joint venture talks with AOL, a unit of Time Warner, these people said. (NY Times)
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