MS board mulls Yahoo options
1 May 2008 | 09:07 BST
D-Day looms for Yahvole deal
MICROSOFT’S BOARD met yesterday (Wednesday) to examine the company's options in the never-ending saga of its bid for Yahoo, says the New York Times.
The paper quotes an unnamed MS source who claims one possibility discussed is an increased offer of up to $33 a share, despite long, loud protestations from CEO Steve Ballmer that not now, not ever, never, would the Vole's original offer be raised from its current value of around $29.
Although Yahoo is on record as saying it is not fundamentally opposed to a sale to MS, it has always maintained that the offer price was too low.
Microsoft's bid was originally valued at $44.6 billion, but because the offer was a mixture of stock and cash, it has since dropped to less than $42 billion due to a fall in MS' share price.
Spokespersons for all parties involved remain tight-lipped, reports the Times. µ
L'Inq
New
York Times
© 2007 Incisive Media Investments Ltd. 2007