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Word has hit several media outlets that Microsoft Corp. (NASDAQ: MSFT) will drop the price of its bid for Yahoo! Inc. (NASDAQ: YHOO).
According to Reuters, "Microsoft Corp. is evaluating its offer for Yahoo Inc. in light of worsening market conditions." The odds are high that someone at Microsoft leaked the news. Yahoo! shares are down almost 5% after hours.
Microsoft would like nothing more than to have large shareholders in Yahoo! calling the board and management begging them to take the deal of threatening to sue them if they don't.
Microsoft knows Yahoo! has no other options, or they would be apparent by now.
Douglas A. McIntyre is an editor at 247walls.com.
