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Microhoo: The Deafening Sound of Silence

Written on
May 2nd 2008
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by Kathleen  |
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timeclock.jpgADOTAS – No word yet on a Microhoo deal. The deafening sound of silence could mean anything, but if Jerry Yang and Steve Ballmer’s past behavior is any indication, their newfound reticence likely means the companies are finally knee-deep in talks.

Ballmer yesterday reassured Microsoft’s increasingly jittery employees that he was going to finally announce a decision on Yahoo … shortly. In a staff meeting, Ballmer reiterated his three options: walk away, go hostile or complete a negotiated deal. Thanks for the update, Steve!

Judging from the market, Yahoo investors are thinking either a deal or a takeover are coming down the pike: recent trading boosted the stock to about $27.85, a 3.86% jump. Microsoft was down about .75%, trading at about $29.18.

And if/when Microsoft finally buys Yahoo, it will likely be for more than the $44.6 billion originally floated (and swiftly slammed). Microsoft is reportedly willing to raise its offer for the beleaguered Web portal to about $32 or $33 a share (up from $29.06 a share). That would raise the bid to about $46.2 billion. Yahoo shareholders want $35 to $37 a share though. The waiting game continues.



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