engine - 3:05 pm on Apr 4, 2008 (gmt 0)

Microsoft Corp. and Yahoo Inc. senior executives met this week to discuss Microsoft's proposal to acquire the Internet company but failed to resolve any of their differences, according to people familiar with the matter. The meeting, which took place near Yahoo headquarters in Sunnyvale, Calif., was the second between top executives from the two companies in recent weeks. Neither meeting included bankers. The Microsoft executives showed no willingness to raise their cash-and-stock offer, and the Yahoo camp continued to refuse to enter formal negotiations without a sweetened bid, people familiar with the matter say.

Microsoft and Yahoo Hold Meetings To Discuss Proposed Acquisition [online.wsj.com]