Microsoft, Yahoo could reach weekend deal: sources - Internet

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BOSTON/NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc are making last-minute efforts to seal a deal before Microsoft takes its Yahoo bid hostile or abandons it altogether, sources familiar with the matter said on Friday.

By Daisuke Wakabayashi and Michele Gershberg
BOSTON/NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc are making last-minute efforts to seal a deal before Microsoft takes its Yahoo bid hostile or abandons it altogether, sources familiar with the matter said on Friday.
Microsoft may raise its offer, now worth $42.2 billion, by a few dollars per share from an initial $31 per share to complete a deal as soon as this weekend, a person familiar with Microsoft's thinking said.
But talks are at a "sensitive stage" and a deal is not certain, sources familiar with the situation said.
Investors bet an agreement was likely, sending Yahoo shares up 7 percent to $28.67 on the first news of significant contact between the sides since Microsoft's deadline for its initial offer expired last Saturday.
"My sense is Microsoft is considering raising their price to the mid-$30s," said a San Francisco-based portfolio manager who owns both Yahoo and Microsoft shares, but would not be identified due to a company policy regarding shares that are actively traded.
Yahoo had previously refused to enter formal negotiations with Microsoft, saying the initial price it made public in February did not properly value Yahoo's search and display advertising technology, or its overseas holdings.
Every dollar added to the per-share price amounts to about $1.4 billion extra for the total deal at current prices, and Microsoft shareholders have questioned how much higher the company should go.
"If it's $35 or less, I think it's fine," said the portfolio manager, whose company owned 21.2 million shares of Microsoft and 1.93 million Yahoo shares as of the end of December.

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Canadian fiddler looks for quick payday via eBay - 03, Jul 2008

L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008

Google-Yahoo deal subject of antitrust probe - 02, Jul 2008

Hollywood studio, Google forge new ground on Web - 01, Jul 2008

Bloggers bemoan Zimbabwe's "stolen" election - 01, Jul 2008

Citigroup adds Google, Time Warner to top picks live - 01, Jul 2008

LVMH wins compensation from eBay in counterfeit case - 30, Jun 2008

Online fashion firm ASOS shines in consumer gloom - 30, Jun 2008

Authorized lyrics sites struggle to grow - 28, Jun 2008