10-K Watch: Yahoo Thinks Microsoft A Significant Distraction; Legal; Acq. Revs; Headcount

Yahoo’s annual 10-K has been filed. Some key details follow:

The bid: “The review and consideration of the Microsoft (NSDQ: MSFT) proposal (and any alternate proposals that may be made by other parties) have been, and may continue to be, a significant distraction for our management and employees and have required, and may continue to require, the expenditure of significant time and resources by us. Microsoft

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