Microsoft stands firm on Yahoo bid
Those of you who missed him in Morocco caught up with Microsoft CEO Steve Ballmer in Milan after Yahoo reported better than expected results, even though they fell short of stellar.
No surprise, he’s standing firm on the $44 billion offer and promises to stick by a threat to go directly to shareholders if Yahoo rejects the offer by the Saturday deadline.
Bloomberg also reports that Ballmer is willing to walk away from the deal. “We are prepared to go forward without a merger with Yahoo,” Ballmer says.
Yahoo’s Jerry Yang wouldn’t mind so much. We’re not so sure Yahoo shareholders would agree.
Keep an eye on:
- Apple buys chip maker PA Semi for $278 million in cash possibly, for the iPhone. (Forbes)
- Rupert Murdoch revives media ownership debate. (NYT )
- Chinese lawyers sue CNN over “goons” comment: paper (Reuters)