April 30, 2008

Microsoft/Yahoo: Rumor Has It…

The Wall Street Journal is reporting the Microsoft Board is meeting today in regards to their possible take-over of Yahoo! The people say that it’s unclear what final approach Microsoft will take, but that discussions between the two companies have been stymied by a stark divide on price. Microsoft has said privately in recent days that it’s willing to offer as much as $32 or $33 a share, well above the $29.12-a-share value of its original cash-and-stock offer as of Tuesday’s market close, these people say. But major Yahoo shareholders have signaled they want in the range of $35 to…

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