Report: Microsoft Will Probably Raise Yahoo Bid
In what will probably surprise no one, InfoWorld is reporting that Microsoft will most likely increase its initial $44.6 billion bid for Yahoo, according to a Citigroup Investment Research analyst—in essence, a compromise on the staring contest that’s been going on since Microsoft’s initial offer last month.
“We believe that a Yahoo sale to Microsoft—at a price higher than the initial $31 [per share] bid—is the most likely outcome,” said analyst Mark Mahaney in a research note Monday.
Mahaney
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