Printed from http://www.electronista.com

MS, Yahoo still at impasse?

updated 08:25 am EDT, Fri April 4, 2008

MS Yahoo Impasse

Microsoft and Yahoo have held meetings this week over the former's takeover bid but still have not moved towards a deal, according to tips provided to the Wall Street Journal. Those reportedly familiar with the talks claim that neither side is willing to leave its existing position, with Microsoft unwilling to raise its initial bid of $31 per share and Yahoo's executive staff refusing to consider any current offers. The search engine firm sees no reason to accept Microsoft's terms when it formally rejected the offer weeks before, the Journal says.

Pressure from Microsoft is expected to continue. The company is widely known to believe that it can wait out Yahoo's current resistance, with the combination of a poor US economy, current sluggish performance at Yahoo, and a potential change of directors leaving the web pioneer little choice but to accept the initial bidding terms.

Yahoo has meanwhile taken steps to counteract Microsoft's moves, delaying board nominations as well as entertaining offers from several other firms that could help sour the deal for Microsoft, including AOL and Fox owner News Corp.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News