Microsoft Willing To Raise Bid, But How Much Is Enough?
1 05 2008The Wall Street Journal is reporting that Microsoft’s directors are collectively willing to authorize the company to raise its bid for Yahoo to up to $33 per share but perhaps not to the levels that Yahoo has signaled it wants to be acquired.
If such a sweetened bid did occur it would put further pressure on Yahoo to negotiate and make it harder for the company to argue that it was being significantly undervalued.
