Microsoft offers to buy Yahoo for 44.6 billion dollars

[Larwee]

This continues to be interesting as there are often new events that help add to the suspense of the final outcome.

It is now being reported that Yahoo and Time Warner are close to a deal where Yahoo would merge with Time Warner's AOL Internet unit.

There is another report that Microsoft and News Corp are negotiating about making a joint bid for Yahoo.

Here are a couple of articles with more details:

Google, AOL and News Corp. re-emerge in Microsoft-Yahoo battle - MarketWatch

Yahoo, Time Warner closing in on AOL deal: source | Reuters

[Linda Buquet]

Sheesh it's like some kind of chess game.
Crazy! Wonder who's gonna win?

[Larwee]

The mystery continues. All types of guesses are being made as to what will happen, but something will be known very soon according to Microsoft.

Microsoft has indicated that they might even walk away from this. However most feel if they do they will come back later. Right now most seem to feel there are three possible things that could happen.

1. Proxy battle
2. Microsoft offers more money
3. Microsoft walks away

If Microsoft walks away now, Yahoo stock would be expected to drop. If Microsoft comes back with a offer later the offer would seem more attractive because of how much Yahoo dropped. At least that is what some are thinking.

The Microsoft board met yesterday but evidently wasn't able to decide what their next step will be, but something is expected in the very near future.

Here are two articles that cover the latest in all of this:

Bloomberg.com: News

Will Microsoft walk away from Yahoo bid? - MarketWatch

[Larwee]

This might make a good movie once everything is finally resolved.

There are now new reports that Microsoft has increased their offer by several dollars, but no numbers have been given to indicate what the new offer is.

Here is an article with more details Report: Microsoft ups offer for Yahoo by 'several dollars': Financial News - Yahoo! Finance

[Larwee]

This story is fianally over, at least for now. A Microsoft spokesman has announced that Microsoft is walking away and has pulled its bid to buy Yahoo.

Microsoft raised its offer to about $33 a share. Yahoo is reported to have wanted $37 a share.

Bloomberg.com: Worldwide

[Linda Buquet]

Wow, I'm surprised they gave up. Maybe it's part of the game strategy to help Yahoo get more realistic about their asking price.