Microsoft’s board met again on Wednesday i.e on 30th April to make a discussion on its stand-off with Yahoo over its $41.8 billion takeover bid, but failed to reach a decision on what to do next, according to a Wall Street Journal report.

                                                  Microsoft, according to the report, has indicated it would be willing to raise its bid to as much as $33 per share but such an offer may still fall short of the $35 to $37 per share that Yahoo’s major shareholders are looking for.

Meanwhile, Microsoft Chief Executive Steve Ballmer, who is also a member of the board, has appeared ready in recent days to abandon the offer since Yahoo and its major shareholders want significantly more money, according to the Journal.

                                                  The value of Microsoft’s offer, originally valued at $44.6 billion at $31 a share, has fallen to $29.06 a share due to a drop in the value of Microsoft’s stock.

[via CNBC]

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