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Microsoft-Yahoo deal may go hostile Friday

5:51 am on May 2, 2008 (gmt 0)

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SEATTLE - Microsoft Corp. may go hostile in its bid for Yahoo Inc. as soon as Friday, according to a published report.

Citing unnamed people familiar with the matter, the Wall Street Journal reported early Friday that the world's largest software maker may be preparing to go straight to Internet pioneer Yahoo's shareholders.

An announcement was "likely" to come Friday, according to the report, though the newspaper said its sources cautioned that Microsoft may delay.

Chief Executive Steve Ballmer told employees in a company assembly Thursday that he knows how much he'd spend to buy Yahoo and accelerate his company's Internet play.

Associated Press [news.yahoo.com]