Microsoft Won’t Raise Bid For Yahoo: Report
Microsoft Won’t Raise Bid For Yahoo: Report
Microsoft Corp. is getting ready to play hardball in its bid for Yahoo Inc., according to news reports Tuesday.
Microsoft (MSFT) will not raise its offer for Yahoo Inc. (YHOO), and intends to launch a proxy campaign in a bid to gain control of the Internet powerhouse, news reports from the New York Times and the Associated Press said.
A proxy campaign would raise the stakes in Microsoft’s blockbuster bid to gobble up Yahoo, and potentially trigger a protracted corporate battle.
Source: Dow Jones