Microsoft Has No Plans to Raise Yahoo Bid
Despite what foolery you may read today, Microsoft has no plans to raise its $44.6 billion bid for Yahoo.
According to the WSJ…
Such pronouncements are standard in deal negotiations but people close to Microsoft insist the stance isn’t posturing. While speculation has swirled that Microsoft was poised to raise its bid, Microsoft is instead biding its time. The software giant likely hopes to use the potential of a sweetened offer to lure Yahoo into serious discussions. So far the two sides have only had one meeting.
"There’s no reason to bid against ourselves," one of these people said.
Why would it? Since its original bid, Yahoo’s not found anyone to counter-offer and hasn’t shown any signs that it’s on the verge of a turnaround in fortunes. Microsoft’s like a deadly spider that’s caught an insect in its web. No need to be hasty, just let the insect tire itself out, then move in for the kill.