02 May 2008
Microsoft may be edging towards a hostile takeover of Yahoo, according to reports in the Wall Street Journal.
The WSJ reports that sources familiar with the matter believe a decision on Microsoft's next step will be made today – and suggests that a hostile takeover is likely.
But the reports could yet be just the latest posturing in this long-running saga. Microsoft and Yahoo are thought to be edging closer in terms of valuation, and other sources quoted in the WSJ suggest Microsoft may raise its bid from $29.48 to $33 per share.
The deadline which Microsoft had given Yahoo to respond to its initial offer passed last weekend with the internet giant refusing to budge.
Earlier, Microsoft chief financial officer Chris Liddell had warned that the firm could pull its offer to buy Yahoo if the latter's board maintained its " unrealistic expectations" of a higher sale price.
Have your say on this article
Newsletters
Latest stories from Management
Latest videos
You may also like
Management jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
