Filed under: Deals, Engagements

Microsoft Corp. (NASDAQ: MSFT) is for now content to stand pat on its $42 billion offer for Yahoo! Inc. (NASDAQ: YHOO). Speaking at the CEBIT trade show in Germany, Microsoft CEO Steve Ballmer on Monday said the deal “makes sense with the price and structure that we announced, and we hope that over time that becomes a reality, and we’re working toward that.”

The executive also said there’s been a “range of dialogue” and “range of alternatives” being considered, but would not go into any detail. Ballmer also wouldn’t discuss whether Microsoft plans to nominate candidates for Yahoo!’s board of directors in a move to seize control of the company, as has widely been speculated. It would need to file regulatory papers for a proxy fight before March 14.

Continue reading at TechConfidential.com.

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This entry was posted on Tuesday, March 11th, 2008 at 2:09 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.