Report: Microsoft To Up Bid For Yahoo To $34 Per Share

Mar 26, 2008 at 10:41am ET by Greg Sterling

Silicon Alley Insider reacts to Wall Street Analyst Mark Mahaney’s note that he anticipates Microsoft will raise its bid for Yahoo from $31 to $34 dollars per share. Barring an 11th hour alternative for Yahoo, this should move toward Yahoo’s public position that the original Microsoft bid undervalued the company. It also should please Yahoo’s institutional shareholders and put more pressure on Yahoo management to negotiate in earnest with Microsoft — if it happens.

Greg Sterling is a Contributing Editor at Search Engine Land, and writes a personal blog Screenwerk, examining the broader world of media and advertising. He also posts at a Local Mobile Search, which is focused on the mobile Internet.

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