The New York Times reports that Microsoft Corp. (NASDAQ: MSFT) CEO Steve Ballmer may raise his bid for Yahoo Inc. (NASDAQ: YHOO) to $32.
That number may not be enough. Currently, Yahoo is valued at $29.06 a share but Microsoft is considering an offer in the $32 or $33 range. However, that's short of the $35 to $37 range that Yahoo shareholders want for their holdings.
Yahoo continues to hold out hope for remaining independent, including a combination with the BloggingStocks parent, AOL, a unit of Time Warner (NYSE: TWX) and a search advertising partnership with Google (NASDAQ: GOOG). And so the drama continues.
Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned.
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