Microsoft May Sweeten Offer for Yahoo After Discussions Pick Up Options

[Xbox-Scene]

Microsoft May Sweeten Offer for Yahoo After Discussions Pick Up Posted by XanTium | May 3 11:12 EST | News Category: Xbox360

From bloomberg.com: [QUOTE] Microsoft Corp., closing in on the biggest acquisition in its 33-year history, may seek to end an impasse with Yahoo! Inc.'s board by raising its takeover offer, a person familiar with the matter said. Talks intensified this week after Yahoo spent three months hunting for alternatives to the deal. The original cash-and-stock bid of $31 a share, or $44.6 billion, has fallen to $29.40 a share because of Microsoft's declining stock price. A higher offer may win over Yahoo's board, eliminating the need for Microsoft Chief Executive Officer Steve Ballmer to go to shareholders with a hostile offer, which might have spurred an employee exodus. A deal also may halt Yahoo's efforts to forge an online advertising partnership with rival GoogleInc. [/QUOTE] Full Story: bloomberg.com

[ixus238]

That's already OLD NEWS!

[Microsoft abandons Yahoo bid, rebuffing higher sale price]
http://news.yahoo.com/s/ap/20080504/ap_on_...microsoft_yahoo

Yahoo is saved, for now. Time to celebrate!

[Bandit5317]

Microsoft already abandoned it's bid to take over Yahoo. They even offered another $5 billion, but Yahoo requested another $4 billion on top of that, so they dropped the bid. Microsoft also stated that they wouldn't try to conduct a hostile takeover due to measures that Yahoo almost definitely put in place to make it a difficult process.

[s.mrio]

I didnt know microsoft was interested in making chocolate milk,