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 ...
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