Yahoo has offered a full account of its recent acquisition talks with Microsoft in a filing on Monday to the US Securities and Exchange Commission.
The filing included a copy of a presentation to shareholders in which Yahoo makes its case for opposing a takeover bid by Carl Icahn, and a defence of its actions in the ill-fated negotiations with Microsoft.
Shareholders will vote in August on whether to keep the current board or replace it with a group hand-picked by Icahn who has vowed to pursue a full sale to Microsoft.
But Yahoo has now claimed that Microsoft had never seriously intended to purchase the whole company.
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