Microsoft steps up Yahoo campaign

The BBC News website reports that "Microsoft has hired a firm that specialises in proxy battles in a move which suggests it could try to oust the current board of Yahoo directors. The Yahoo board rejected a takeover offer from Microsoft worth more than $40bn (£20.6bn) saying it was too low. A proxy fight would see Microsoft nominate a group of directors sympathetic to a deal for shareholders to vote on at Yahoo's annual meeting. "