Staff WritersAccording to the New York Times, the on again, off again Microsoft-Yahoo takeover bid is on again with Microsoft said to be willing to raise its offer for Yahoo, in an attempt to appease shareholders and break the stalemate between the companies.
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Microsoft is reportedly considering raising its, currently valued at $US29.06 a share, to either $US33 so as to win over Yahoo’s shareholders who feel its current bid undervalues the company.
However the news from Wall Street is that Yahoo shareholders are holding out for an offer of up to $US37 a share, which Microsoft up until now has said it will not pay.
The NY Times report notes that Yahoo also continues to explore options that would allow it to remain independent, including a possible tie up with AOL, the internet unit of Time Warner.