A Sign That Microsoft May Still Be Eying Yahoo
Microsoft's bid for Yahoo might be officially over, but there are indications from lobbyists and publicists in Washington working the deal that it might be renewed.
One insider said this week that Microsoft thinks Yahoo will come back with a counteroffer, lowering the prospective sales price to about $34 a share—from the $37 it had insisted on—and that the nation's largest software company would then reopen talks. Microsoft previously offered $33 a share.
As a result, some lobbyists and publicists have been told to stand by until the dust settles. They would most likely be needed to push congressional committees to allow the sale of the major Internet search engine to Microsoft, the company that is trying to keep pace with Google in the Internet market.
Microsoft officials have been grim when discussing the chances of reopening the talks after pulling the plug on its $47.5 billion takeover bid, but Washington sources have been more positive in their expectations since the deal collapsed last Saturday.
—Paul Bedard
Reader Comments
YAHOO’S SHAREHOLDERS LOSE ON MORE THAN ONE FRONT
Great to see that cool heads have finally prevailed at Microsoft. Nevertheless, it was a seriously missed opportunity by Yahoo shareholders.
http://pacificgatepost.blogspot.com/2008/05/yahoos-board-and-its-shareholders.html
They should have been more vocal. Now it's too late. Their board did not serve them well.
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deal
It would be a perfect marriage...
May 08, 2008 17:25:19 PM [permalink] [report comment]