Microsoft, the world's largest software maker, is said to be willing to raise its offer for Yahoo!, the struggling internet portal, in an attempt to appease Yahoo! shareholders and break the stalemate between the companies.
Microsoft is reportedly considering raising its cash and share offer, currently valued at $29.06 a share, to either $32 or $33 to win over Yahoo!'s institutional shareholders who feel its current bid undervalues Yahoo!, the New York Times reported.
A $33 a share bid would value Yahoo! at $46.2 billion. Yahoo! has 1.4 billion shares in issue.
http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article3853829.ece
Does anyone other than Steve Ballmer and Jerry Wang care anymore? By now I'm sure Google has setup their internet ad business like the Trojan army.
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