Microsoft Raises Yahoo’s Bid to 33$/share

Microsoft is order to acquire Yahoo is trying all the measures it can to take hold of the company.Recently they met up again to decide on the matter but ended in a no decision state.

                                            Microsoft now has reluctantly agreed to raise its stock and cash offer of $31 a share for Yahoo to about $33, though Yahoo is holding out for $37, sources have told CNBC. The current bid is worth about $42.4 billion.

                                            The dicussions have heated up despite Microsoft Chief Executive Steve Ballmer’s comment on Thursday that walking away from a deal with Yahoo was one of three options the company is weighing.The Wall Street Journal also has reported that Microsoft appeared to be leaning toward initiating a hostile takeover of Yahoo.                                           

                                            Microsoft has promised this would be the week that it spells out its next moves if Yahoo allowed a deadline set for last Saturday to expire on its three-month-old offer to buy Yahoo.

[via CNBC]

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