Thursday, April 24, 2008

Microsoft Talks Tough on the Yahoo Deal

I guess $31 is now MSFTs final offer.

"As outlined in our recent letter to the Yahoo board, unless we made progress with Yahoo towards an agreement by this weekend, we will reconsider our alternatives," Liddell said.
"These alternatives clearly include taking an offer to Yahoo shareholders or to withdraw our proposal and focus on other opportunities," either from internally generated growth or growth through acquisitions, the Microsoft executive said.


If MSFT pulls their offer we could see Yahoo go back into the $20-$19 range I would think.

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