“Dear Steve, it’s us, the Yahoo Guys again. Thanks for that whole deal deadline thing. Listen, our business is doing just fine. If you want to talk some more about acquiring us, $ay $omething we haven’t already heard, OK? Thanks. Jerry.”
The Wall Street Journal and Reuters reported on Tuesday that Microsoft has no intention of raising its bid to buy Yahoo beyond its initial offer of $31 per share in late January. And why would they, given that no credible counter offer has materialized.
The latest data from a Reuters poll of Wall Street analysts who track either Microsoft Corp or Yahoo Inc, shows 28 of 30 analysts expect Microsoft to prevail in its unsolicited bid to acquire Yahoo, which is currently valued at $41.7 billion.