The Board of Directors at Microsoft have met to determine their course of action with internet giant Yahoo.
Microsoft has been reluctant to go over their $33 per share offer, which, according to inside sources, is a few dollars less than Yahoo’s shareholders and management are looking for to make the deal go through.
The Wall Street Journal reported that the meeting disbanded with no apparent decision being made.
This week, Microsoft CEO Steve Ballmer has been personally lobbying big Yahoo shareholders so they, in turn, will pressure the board to accept Microsoft’s bid, since Microsoft would prefer not to have to launch a hostile takeover, The Journal reported.
In the meantime, Yahoo and Time Warner have continued exploring the possibility of Yahoo merging with AOL in exchange for a 20 percent stake in Yahoo for Time Warner, The Journal reported.
In addition to attempting a hostile takeover, Microsoft has other options, such as raising its bid to a level agreeable to Yahoo’s board or walking away, a possibility first floated by Ballmer last week.
- PC World
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