Filed under: Deals, Engagements

The deadline Microsoft Corp. (NASDAQ: MSFT) imposed on Yahoo! Inc. (NASDAQ: YHOO) to come to terms on an acquisition before it moved into hostile takeover mode has come and gone, but now it appears the software maker may be taking a softer line.

Or maybe not. The Wall Street Journal reported late Wednesday that the boards of both companies met Wednesday in an attempt to reach an agreement on Microsoft raising its bid in lieu of going hostile.

At the same time, the Journal also reported that Microsoft CEO Steve Ballmer and its financial advisers had been lobbying Yahoo! shareholders to rally support for the company to accept a lower price.

Continue reading at TechConfidential.com.

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This entry was posted on Sunday, May 4th, 2008 at 2:15 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.