After Monday Bill Gates said that Yahoo! wasn’t a must have for his company, yesterday The New York Times reported citing anonymous sources that Microsoft is quietly preparing to K.O. the Sunnyvale-based company in a proxy fight, to be authorized later this week. After attempting the polite approach (almost polite – it was an unsolicited bid after all), Microsoft is preparing the horseshoes for its gloves.

Seeing as the Yahoo! board isnÂ’t willing to give up its control over the company and su...

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