The Wall Street Journal is reporting the Microsoft Board is meeting today in regards to their possible take-over of Yahoo!
The people say that it’s unclear what final approach Microsoft will take, but that discussions between the two companies have been stymied by a stark divide on price. Microsoft has said privately in recent days that it’s willing to offer as much as $32 or $33 a share, well above the $29.12-a-share value of its original cash-and-stock offer as of Tuesday’s market close, these people say. But major Yahoo shareholders have signaled they want in the range of $35 to $37 a share, with Yahoo’s management and board similarly shooting for an offer in the upper $30s…
There also word Yahoo! is still considering possible ventures with AOL or Google. Today Yahoo! stock has been trading between $26.76 and $27.78 per share while Microsoft has been between $28.51 and $29.21 per share.
News Source: Todd Bishop’s Microsoft Blog