Report: Microsoft not considering a higher Yahoo bid
WinInfo | at | by Mike
According to anonymous sources close to Microsoft and cited by "The Wall Street Journal," the software giant isn't considering a higher bid for Internet search portal Yahoo!. Instead, Microsoft is biding its time, convinced that Yahoo! will run out of viable options and realize that a merger is inevitable.Microsoft offered approximately $44.6 billion for Yahoo! in February, a bid that Yahoo! claims "substantially undervalues" the worth of the company. At the time, that bid was worth about $31 a share, a significant premium over the price of Yahoo!'s stock.