Yesterday, Microsoft CEO Steve Ballmer wrote a stinging letter to the Yahoo! Board of Directors. Some of you may remember, back in January, there were rumblings of Microsoft’s intentions to buy Yahoo! - this was put into motion on the 31st of that month as Microsoft sent this letter that set the cat amongst the pigeons. The next day, MSFT issues an official press release and the rest of the world gets invited to the party.

Now, more than two months later, Yahoo! has responded with little more than a press release telling Redmond to go fuck itself. And Microsoft is getting impatient.

It has now been more than two months since we made our proposal to acquire Yahoo! at a 62% premium to its closing price on January 31, 2008, the day prior to our announcement. Our goal in making such a generous offer was to create the basis for a speedy and ultimately friendly transaction. Despite this, the pace of the last two months has been anything but speedy.

As John Gruber said,

This is the white collar equivalent of Steve Ballmer showing up at Yahoo’s door with a baseball bat in his hand.

Like many others, I eagerly await Yahoo!’s response. This is going to get interesting.