Filed under: Deals, Engagements
If you take Microsoft Corp. (NASDAQ: MSFT) CEO Steven Ballmer at his word, the company has no intentions of raising its current $31 a share, $43 billion offer to acquire Yahoo! Inc. (NASDAQ: YHOO). But those following the seemingly never-ending saga (and one that appears destined to continue indefinitely) still see a higher offer in Yahoo!’s future.
Yahoo!’s first-quarter earnings report on Tuesday in and of itself won’t get Microsoft to increase its offer. But they do give the company some leverage if and when it chooses to enter into serious negotiations with Microsoft.
“The most feasible, logical combination is still Microsoft buying them; it just comes down to the last-minute negotiations and whether the first quarter and outsourcing search to Google (NASDAQ: GOOG) are enough of a trump card to raise the bid,” stated RBC Capital Markets analyst Ross Sandler. “Or Microsoft can select not to and go hostile.”
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