Microsoft Could Raise Yahoo Bid

February 2008
Red Herring;2/6/2008, p10
Trade Publication
The article considers the possibility that Microsoft Corp. will raise its bid for Yahoo shares. Yahoo shares closed on February 3, 2009 at $28.98, more than $2 below the $31 price Microsoft offered in February. Microsoft shares have dropped about 12 percent since that offer was made, potentially cutting the value of the half cash, half stock offer. Citi gave a 20 percent probability that Yahoo would accept the current bid and a 25 percent chance that Yahoo would hire Google to run its search operations in a lucrative contract.


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