Spotlight
Thursday, 01 May
Steven Ballmer
At a Wednesday meeting, the Microsoft board advised CEO Steven Ballmer to "go hostile or abandon the Yahoo! pursuit,” the Wall Street Journal reports.
Microsoft is still holding tight to its original offer of $29 a share, though Yahoo! is hoping for $35 a share. For every dollar the share price rises above $29, the total cost of the deal increases by about $1.3 billion, John C. Abell reports on a Wired blog.
CNET News predicts Ballmer might bail. "Ballmer has also appeared ready to walk away from his company's offer completely."
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