Saturday, May 03, 2008

Higher Offer by Microsoft Brings Yahoo to Table - New York Times

I suspect we'll see the next chapter in this story by Monday or Tuesday

Microsoft, which had threatened to abandon its bid or initiate an attempt to oust Yahoo’s board, has increased its offer “by several dollars,” one of the people said.

[...]

The higher offer was as much an attempt to bring Yahoo to the negotiating table as an effort to win over large Yahoo shareholders, whose support would be essential in a proxy fight. Some Yahoo shareholders had signaled they were holding out for more than $35 a share. Each $1 a share represents about $1.4 billion extra in the value of the deal.

Higher Offer by Microsoft Brings Yahoo to Table - New York Times

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