Microsoft’s Steve Ballmer still wants Yahoo and he may be ready to empty his wallet to pay for it.
Microsoft is considering changing its offer to all-cash as a way to woo Yahoo shareholders and nudge its board, according to the New York Post.
Such a move would bump the offer value back to $31, up from the current $28.87, according to Henry Blodget’s AlleyInsider.
But the Wall Street Journal’s Kara Swisher suggests that Yahoo may be holding out for a higher price or hope that Microsoft CEO Steve Ballmer changes his mind altogether and go find another deal.
Keep an eye on:
- Google is expected to receive unconditional approval from European Union regulators next week for its $3.1 billion takeover of DoubleClick. (Reuters )
- Walt Disney’s cartoon TV show characters “Lilo and Stitch” are about to land in Japan, with the U.S. company planning a Japanese version of the show in a hunt for more Asian viewers. (Reuters)
- Ziff Davis Media Files for Bankruptcy. (AP)
- The owner of Penthouse magazine plans to hit up Wall Street this year for $250 million as it cleans up its act and aims to make a name for itself on the Internet. (Reuters)
- U.S. Sen. Byron Dorgan, a critic of media consolidation, who has complained that the FCC did not do enough to get public comment before it approved the new rules in December, introduced a resolution aimed at overturning a decision by regulators that loosened media ownership restrictions in the 20 biggest U.S. cities. (Reuters)
- Lachlan Murdoch’s estimated $3.1 billion purchase of Australia’s Consolidated Media Holdings stumbles after one of his chief backers SPO Partners drop out. (FT)
(Photo: Reuters)
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