“After a months-long standoff, Microsoft and Yahoo are in active merger talks, a person involved in the discussions said,” The New York Times reports.
“Microsoft, which had threatened to abandon its bid, has increased its offer ‘by several dollars,’ this person said,” The New York Times reports.
“Meanwhile, some Yahoo shareholders say that they have received a flurry of phone calls from both Yahoo and Microsoft, as the two companies are trying to find out what price large shareholders would find acceptable,” The New York Times reports.
Microsoft has privately raised the possibility of upping its offer, currently valued at about $29.30, to as much as $33 a share in recent days. Some shareholders have signaled they are holding out for more than $35. One shareholder said he believed an offer of $34 would probably be sufficient to consummate a deal,” The New York Times reports.
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