Have you guys read? Seems like the latest news reported that Microsoft is going to raise the Yahoo bid in order to secure the company. These are the highlights of the news release.
Quote:
|
Microsoft Corp will raise its $31-per-share offer for Yahoo Inc and upgraded Yahoo shares to "buy" from "hold." The brokerage also raised its price target on Yahoo's stock to $34 from $31, saying it believed Microsoft remained committed to its offer and "is capable of and willing to" increase that bid to conclude the deal.
|
Looks like the deal is not yet off