Saturday, April 05, 2008

Microsoft may cut $44.6b Yahoo bid - The Boston Globe

Hmmm

Microsoft Corp. is examining whether to cut its $44.6 billion offer for Yahoo Inc. because a US economic slowdown has hurt the Internet company's business, according to two people with knowledge of the matter.

The companies haven't made progress on negotiations since Yahoo rejected the bid in February, and there are signs that Yahoo's business has since deteriorated, one of the people said. They declined to be named because the talks are private.

Microsoft may cut $44.6b Yahoo bid - The Boston Globe

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