GET IT OVER WITH ALREADY
by John Paczkowski
Posted on April 30, 2008 at 2:07 PM PT
“We know what Yahoo’s worth,” Microsoft CEO Steve Ballmer said last week. “$44 billion is a lot of money.”
But it’s not as much as $46 billion, which may be what Microsoft (MSFT) feels Yahoo (YHOO) is worth today. “People familiar with the matter,” who are no doubt collecting a Microsoft paycheck, tell The Wall Street Journal that Microsoft’s board of directors is meeting today to plot the company’s next move in its ridiculously prolonged acquisition standoff with Yahoo. Among the options the board is considering: sweetening Microsoft’s bid to as much as $32 or $33 a share. Which is $2 or $3 less than the figure Yahoo’s major shareholders are said to be seeking.
