04/01: WSJ: Sources: Microsoft Not Planning to Up Yahoo! Bid
Posted by Patrick
From The Wall Street Journal:
Via Ron Haruni.
Two months after Microsoft made its $44.6 billion offer to acquire Yahoo Inc., the software maker has no plans to raise its bid, people close to the company say.
Such pronouncements are standard in deal negotiations but people close to Microsoft insist the stance isn't posturing. While speculation has swirled that Microsoft was poised to raise its bid, Microsoft is instead biding its time. The software giant likely hopes to use the potential of a sweetened offer to lure Yahoo into serious discussions. So far the two sides have only had one meeting.
Such pronouncements are standard in deal negotiations but people close to Microsoft insist the stance isn't posturing. While speculation has swirled that Microsoft was poised to raise its bid, Microsoft is instead biding its time. The software giant likely hopes to use the potential of a sweetened offer to lure Yahoo into serious discussions. So far the two sides have only had one meeting.
Via Ron Haruni.
