Report: Microsoft to Raise Bid for Yahoo
Microsoft this week indicated a willingness to raise its bid to as much as $33 per Yahoo share, The Wall Street Journal reports. This is an attempt to avoid the hostile takeover battle that CEO Steve Ballmer had threatened, according to unnamed sources close to the situation:
“Yet Mr. Ballmer in recent days has also appeared ready to walk away from Microsoft’s offer altogether, say people familiar with the matter, as Yahoo and some of its shareholders seek significantly more money.
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