Our current Board and management team have consistently focused on maximizing stockholder value 
With a one-of-a-kind combination of assets including trusted consumer relationships with over 500 million users, #1 or #2 ranking online properties in major categories and valuable mobile and emerging market franchises, Yahoo is well positioned for long-term success. Our current Board and management team have consistently focused on maximizing stockholder value. They have proactively engaged in multiple discussions with Microsoft and at all times, publicly and privately expressed openness to a transaction.
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