Higher Offer by Microsoft Brings Yahoo to Table

After a three-month standoff, Microsoft was in active merger talks with Yahoo on Friday, several people involved in the discussions said.Microsoft, which had threatened to abandon its bid or initiate an attempt to oust Yahoo’s board, has increased its offer “by several dollars,” one of the people said.But a deal was still far from certain. A person involved in the discussions said the chances of a friendly deal being reached were “still no better than 50-50.”
http://iht.com/articles/2008/05/02/business/02msftfw.phpYahoo! rises on reports that Microsoft deal is near
Microsoft and Yahoo! were in intensive talks last night over securing a takeover agreement that would dissuade the software giant from launching a formal hostile offer for the online search engine.It is thought that Microsoft is discussing whether to raise by several dollars its offer of $31 a share.

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