YAHOO: Better deal is sought
Internet icon Yahoo, under pressure of a three-week deadline from Microsoft to accept its $41 billion buyout bid, said Monday that it doesn’t oppose a deal with the huge software maker but wants a better offer.
Microsoft made its offer for Yahoo in late January. The deal would create a stronger rival to Google Inc credit report. At the time, the cash-and-stock bid was valued at $44.6 billion, or 62 percent above Yahoo’s market value. As of Friday, the deal was worth just under $41 billion.