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Microsoft Still Mulling Yahoo Options

     
11:24 am on May 1, 2008 (gmt 0)

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Microsoft has yet to decide if it will up its $41.8bn (21bn) bid for Yahoo, go hostile or walk away from the deal.

A meeting of the Microsoft board on Wednesday ended without any decision, according to the Wall Street Journal.

Microsoft Still Mulling Yahoo Options [news.bbc.co.uk]
1:01 pm on May 1, 2008 (gmt 0)

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Withdrawing the bid could send Yahoo shares lower. The stock has jumped from $19.18 before the bid was announced in February to $27.41.

That could be tempting for Microsoft to do, but if Microsoft showed an interest in Yahoo at a later date, the share price would probably rise up again.

 

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