04/30: The Wall Street Journal: Microsoft Directors Meet and Discuss Yahoo! Options
Posted by Patrick
The Wall Street Journal reports that Microsoft's directors are meeting/have met today to discuss their options in the attempted buyout of Yahoo! Sources tell them that an announcement could be made after the meeting. Price remains an important issue:
Via Todd Bishop.
The people say that it's unclear what final approach Microsoft will take, but that discussions between the two companies have been stymied by a stark divide on price. Microsoft has said privately in recent days that it's willing to offer as much as $32 or $33 a share, well above the $29.12-a-share value of its original cash-and-stock offer as of Tuesday's market close, these people say. But major Yahoo shareholders have signaled they want in the range of $35 to $37 a share, with Yahoo's management and board similarly shooting for an offer in the upper $30s, they add.
Via Todd Bishop.
