Print
Discuss
Send to friend
RSS feedsMicrosoft may be edging towards a hostile takeover of Yahoo, according to reports in the Wall Street Journal.
The WSJ reports that sources familiar with the matter believe a decision on Microsoft's next step will be made today – and suggests that a hostile takeover is likely.
But the reports could yet be just the latest posturing in this long-running saga. Microsoft and Yahoo are thought to be edging closer in terms of valuation, and other sources quoted in the WSJ suggest Microsoft may raise its bid from $29.48 to $33 per share.
The deadline which Microsoft had given Yahoo to respond to its initial offer passed last weekend with the internet giant refusing to budge.
Earlier, Microsoft chief financial officer Chris Liddell had warned that the firm could pull its offer to buy Yahoo if the latter's board maintained its " unrealistic expectations" of a higher sale price.
See also:
Bid for autonomy sees Yahoo aiming to become a 'social platform' 25 Apr 2008
Yahoo announces Google ad-deal while Microsoft looks for joint bidders 10 Apr 2008
Yahoo has announced its intention to buy web analytics firm IndexTools 09 Apr 2008Microsoft gives Yahoo three weeks to decide on its purchase offer before it takes action 07 Apr 2008
Redmond makes hostile multi-billion dollar offer for search giant 01 Feb 2008All IT Management
del.icio.us
Digg this
reddit!
