Yahoo to Microsoft: Cool your jets

Anyone expecting Yahoo's board of directors to leap immediately into the beckoning arms of Microsoft isn't giving the object of Redmond's woo enough credit for playing hard to get ... $46 billion or no $46 billion.

From an FAQ posted to the company's Web site today:

Q1. How is Yahoo! responding to Microsoft's proposal?

The Yahoo! Board is undertaking a deliberate review process. They're going to take time to thoroughly evaluate the proposal in the context of Yahoo!'s strategic plans. This will include evaluating all of the Company's strategic alternatives - including maintaining Yahoo! as an independent company. That process will take some time, but the Board will ultimately pursue the option that it believes can best maximize value for our shareholders.

Q2. How long will the Board's review process take?

A review process like this is fluid, and it can take quite a bit of time.

There are voices being raised in opposition to this union.

The conventional wisdom since Friday's blockbuster announcement, however, has been that Microsoft will eventually prevail upon Yahoo to give up the goods.

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