Microsoft Willing To Raise Bid, But How Much Is Enough?
May 7th, 2008 by
The Wall Street Journal is reporting that Microsoft’s directors are collectively willing to authorize the company to raise its bid for Yahoo to up to $33 per share but perhaps not to the levels that Yahoo has signaled it wants to be acquired.
If such a sweetened bid did occur it would put further pressure on Yahoo to negotiate and make it harder for the company to argue that it was being significantly undervalued.
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