Microsoft officially withdrew its offer to acquire Yahoo on Saturday but only after it threw an additional US$5 billion on the table.
Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
Microsoft and Yahoo are holding informal merger discussions, marking a shift from the "radio silence" that previously existed between the two companies, according to a source familiar with the talks.
Yahoo's board has decided Microsoft's $31-per-share offer "massively undervalues" the company, according to a report in The Wall Street Journal. Yahoo is expected to formally reject Microsoft's offer, the Journal reported.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
Is Web services pure hype peddled by software vendors desperate to create new revenue streams or is the technology quietly yielding returns to Australian businesses?
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