Yahoo and Microsoft. Yahoo uses a shield.

Yahoo has managed to wriggle their way out of Microsoft’s takeover bid for an extra 10 days. Microsoft’s plan to take over Yahoo is simple: nominate its own directors, who would then force Yahoo to begin formal bid talks, or accept its $41.7 billion (£31 billion) cash-and-shares offer for the company. Microsoft is desperately trying to acquire Yahoo in an attempt at competing better again Google. Google are worth an estimated $40 billion, a number expected to double in 2 years, and with an estimated 66% of all searches conducted at their site Microsoft need this deal. Yahoo rejected the bid of $41.7 billion saying it was below their value. They are now trying to team up with other organisations to stop the takeover happening. The game’s called chess and it seems Microsoft hold the most pieces.