Microsoft threatens Yahoo for hostile takeover

In new twist to the recent two months old Microsoft bid to buy, Microsoft’s Latest letter to the board of directors of Sunnyvale based Yahoo! Inc. threatens Yahoo to accept their offer or be ready for a hostile takeover bid through open offer to shareholders directly.

Yahoo replied that they are still looking for a better option [for god’s sake how much time does they need to evaluate a 62% premium offer] for the sake of shareholders value.
The way it looks, it will soon be the street [finance street] fight of both companies.