Microsoft and Yahoo! Meet

Posted by Bull Bear Trader | 4/04/2008 07:45:00 AM | , | 0 comments »

Senior executives at Microsoft and Yahoo met this week to discuss Microsoft's proposal to acquire Yahoo!. Reports are that Microsoft is still holding firm on price, while Yahoo! is still looking for a higher bid. Given that the bid has went from $31 to $29.92 a share based on market movements, increasing the bid back to $31 a share may be enough. Time will tell.

Tickers: MSFT, YHOO