Microhoo's Second Date Doesn't Go Very Well
Executives from Microsoft and Yahoo reportedly met this week, but both sides came to the much anticipated second date with stubborn stances. Microsoft wouldn’t raise their original bid price of $31 per share and Yahoo wouldn’t delve into details of the acquisition unless the bid was raised, according to published reports.
This should come as no surprise to anyone who has been following the negotiations since Microsoft made the unsolicited offer for the Sunnyvale search engine on February 1. Yahoo recently tried to show the world just how much its worth by releasing positive revenue projections for the next three years. Meanwhile, this week Microsoft already said it wasn’t interested in raising its original bid price.
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