Yahoo to Reject Microsoft Offer, May Find Few Options (Update2)
``A lot of this is gamesmanship on the part of Yahoo,'' said Scott Kessler, an equity analyst at Standard & Poor's in New York who recommends holding Yahoo and buying Microsoft. ``Microsoft is well aware that Yahoo doesn't have any other options. What this is about is how much Microsoft wants Yahoo and how much time they're willing to wait to get this deal done.''
Microsoft, could pay $40 for No. 2 Internet search company Yahoo. It is more likely the companies reach a deal for less. UBS AG's Heather Bellini, the top-ranked software analyst by Institutional Investor, said last week Microsoft may have to bid $34 to $37.
Since Yahoo seems to be going down, maybe an infusion of cash from Redmond would be good...?
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