Filed under: Deals, Microsoft (MSFT), Yahoo! (YHOO), Indices

Word has hit several media outlets that Microsoft Corporation (NASDAQ:MSFT) will drop the price of its bid for Yahoo! Inc. (NASDAQ: YHOO).

According to Reuters “Microsoft Corp is evaluating its offer for Yahoo Inc in light of worsening market conditions.” The odds are high that someone at Microsoft leaked the news. Yahoo! shares are down almost 5% after hours.

Microsoft would like nothing more than to have massive shareholders in Yahoo! calling the board and management begging them to take the deal of threatening to sue them if they don’t.

Microsoft knows Yahoo! has no other options, or they would be apparent by now.

Douglas A. McIntyre is an editor at 247walls.com.

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This entry was posted on Friday, April 4th, 2008 at 8:24 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.