Mithras Capital Asks Microsoft to Detail Proposed Yahoo Deal

Investment firm Mithras Capital, which owns 1.7 million Yahoo (YHOO) shares, today sent an open letter to Microsoft (MSFT) CEO Steve Ballmer proposing that the software giant outline the “alternative transaction” that the company has said would have lifted the value of Yahoo shares to more than $33 a share.

As you might recall, at the time that Microsoft and Yahoo stopped talking, Ballmer had been trying to cut a deal in which Microsoft would buy Yahoo’s search business. The letter indicates that the proposed transaction would have included Microsoft buying $8 billion of YHOO shares at $35 apiece, acquiring Yahoo’s search assets for $1 billion, and assuming the operations and R&D expenses for search while returning data back to Yahoo for use in its advertising operations.

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »