Microsoft-Yahoo deal may go hostile Friday
Updated: 2008-05-02 21:34
SEATTLE -- Microsoft Corp. may go hostile in its bid for Yahoo Inc. as soon as Friday, according to a published report.
 This Jan. 7, 2008 file photo shows the Yahoo tent at the Consumer Electronics Show (CES) in Las Vegas . Microsoft Corp. may go hostile in its bid for Yahoo Inc. as soon as Friday, according to a report in the Wall Street Journal. [Agencies] |
Citing unnamed people familiar with the matter, the Wall Street Journal reported early Friday that the world's largest software maker may be preparing to go straight to Internet pioneer Yahoo's shareholders.
An announcement was "likely" to come Friday, according to the report, though the newspaper said its sources cautioned that Microsoft may delay.
Chief Executive Steve Ballmer told employees in a company assembly Thursday that he knows how much he'd spend to buy Yahoo and accelerate his company's Internet play.
"We're willing to pay for that at some level, and beyond that level we're not willing to pay for it. I know exactly what I think Yahoo is worth to me," the executive said. "I won't go a dime above, and I will go to what I think it's worth if that gets the deal done."
But he didn't offer a figure, and he didn't say whether Microsoft is considering raising its unsolicited bid, worth $44.6 billion at the time it was made in early February.
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