The standoff between Microsoft and Yahoo appears to be growing more tense.A meeting of senior executives from the companies this week to discuss Microsoft’s hostile takeover bid was icy from the start and ended with no progress, people briefed on it said.Microsoft and Yahoo both declined to comment.Microsoft remains steadfast in its refusal to raise its bid and is growing increasingly frustrated with Yahoo’s refusal to enter into negotiations, according to a person with direct knowledge of Microsoft’s thinking.”Microsoft has tried again and again to engage in substantive negotiations, but the board has simply refused,” the person said. “Since the offer was made, the market has deteriorated, and there are numerous indications that Yahoo’s business has declined.”
http://www.nytimes.com/2008/04/05/technology/05yahoo.html