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Microsoft is not planning to raise its 44.6-billion-dollar bid for
Yahoo, the Wall Street Journal reported Tuesday.
The newspaper cited people close
to Microsoft's hostile February 1
offer for Yahoo as insisting that no higher bid to its original
price
of 31 dollars a share is forthcoming.
"Such pronouncements are
standard in deal negotiations but people
close to Microsoft insist the stance isn't posturing," the
Journal
said.
Yahoo has rejected the bid from
the outset, despite pressure from some
shareholders to accept it, and board members have maintained that
Yahoo is worth at least 40 dollars per share.
The two sides have had only one
meeting in the two months since
Microsoft made its offer, and the Journal said Microsoft officials
are
content to wait until Yahoo agrees to serious discussions before
considering changing the offer.
"There's no reason to bid
against ourselves," a source on the
Microsoft side told the Journal.
-- AFP
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