In response to Microsoft’s (MSFT) letter with a three-week deadline to act on Microsoft’s buyout offer, Yahoo’s (YHOO) CEO, Jerry Yang, insisted that Ballmer & Company raise its offer. Yang states that his company is not against a marriage with Microsoft, but he wants a bigger dowry.
Mutual funds, the large shareholders that control swaths of Yahoo! stock are already beginning to vocalize their desire for Yahoo! to accept an offer. One such institutional shareholder, Larry Haverty of Mario Gabelli’s GAMCO Investors, who manages a fund that owns 1.2 …