Microsoft may be flexible with "final" deadline for Yahoo! (Tech Confidential

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Microsoft may be flexible with "final" deadline for Yahoo!

[Posted on May 1, 2008 - 9:41 AM]

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The deadline Microsoft Corp. [MSFT] imposed on Yahoo! Inc. [YHOO] to come to terms on an acquisition before it moved into hostile takeover mode has come and gone, but now it appears the software maker may be taking a softer line.

Or maybe not. The Wall Street Journal reported late Wednesday that the boards of both companies met Wednesday in an attempt to reach an agreement on Microsoft raising its bid in lieu of going hostile, At the same time, the Journal also reported that Microsoft CEO Steve Ballmer and its financial advisers had been lobbying Yahoo! shareholders to rally support for the company to accept a lower price. -- Andrea Orr

See April 20 story from WSJ.com

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