Microsoft To Make Non-Move Today?
Microsoft’s (NSDQ: MSFT) next move was expected to come mid-week, and it doesn’t get any more mid-week than a Wednesday. WSJ is reporting that Microsoft, rather than make a firm decision, will take a middle ground: nominating a slate of directors, but not necessarily pressing a hostile bid to shareholders. This is expected to happen soon, and possibly as early as today. Essentially it’s a time buyer, giving Ballmer a chance to keep on doing whatever he’s doing. The good news for Yahoo (NSDQ: YHOO) shareholders though: it’s not a walk. Despite Microsoft’s obvious frustration with Yahoo’s resistance, the company doesn’t seem to be following through on its threat—at least not yet.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Microsoft, Yahoo
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