With Internet titan Yahoo Inc. seemingly immovable in its stand to resist the takeover advances of American software beast Microsoft Corp., various news outlets are reporting that Microsoft’s board of directors has gathered this week to engineer its next strategic move in the acquisition stand-off.
Yahoo standing firm against Microsoft\'s takeover bid. Image: YodelAnecdotal/Flickr.
Despite tabling a bid of $41.8 billion USD in its two-year pursuit, Redmond-based Microsoft has had its recent deadline offer staunchly rebuffed by Yahoo, which would appear to be holding out for an improved figure from Microsoft -- or any other interested party.
According to a related Wall Street Journal report, Microsoft’s board is still deliberating as to whether it should adopt a more hostile approach with the takeover, which it threatened to implement if Yahoo did not meet the issued three-week deadline with a positive reaction.
Any such hostile action would involve nominating a proxy selection of directors to replace Yahoo’s existing board, and perhaps even reduce the existing offer. However, reports also suggest Microsoft is considering an increase to the $41.8 billion USD, and even the possibility of abandoning its acquisition altogether.
The WSJ report offers that Microsoft is prepared to boost its current offer to $33 USD per share, which, while an improvement, will still not meet with Yahoo’s desired figure of between $35 to $37 USD per share.
Microsoft has not yet issued any formal comment on the next turn in the acquisition saga, but CEO and board member Steve Ballmer has said that Microsoft might be on the verge of throwing in the towel. However, industry watchers believe this is unlikely and that Microsoft is merely strong-arming Yahoo into finally buckling under pressure.
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