Microsoft-Yahoo Impasse?Microsoft-Yahoo Impasse?
<a href="http://www.news.com/8301-10784_3-9911344-7.html">The Wall Street Journal</a>
April 4, 2008
A merger discussion this week among senior execs from Microsoft and Yahoo did little to bring the companies closer to uniting.Apparently Yahoo wants Microsoft to raise its offer; Redmond isn't budging. Its original, and rejected, bid, of $31 per share was reduced to around $29 per share. Microsoft appears to be betting that the slowing economy will undercut Yahoo's performance and prompt shareholders to pressure management and the board to reconsider its offer, report The Wall Street Journal.
The meeting took place near Yahoo's Sunnyvale, Calif., headquarters. It was the second gathering in recent weeks.The Wall Street Journal
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