Microsoft Ready to say Bye Bye to Yahoo
Microsoft is ready to Hostile or even walk away from the bid to buy yahoo since the 3 week long deadline is almost there. Microsoft has repeatedly said it is not willing to Raise the bid value anymore and are fixed at 31$ per share they are willing to Offer Yahoo.
Yahoo on the other hand has been stubborn to raise the bid Yahoo is probably looking somewhere in the range of 35$ per share.
Microsoft has warned before that they will take the case to the Share holders if yahoo does not accept the bid they are looking for. Analysts suggest a proxy fight is most likely and any tough stance from yahoo is not the best for its future since they don’t have much alternatives.
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