Pressure grows on Yahoo to accept Microsoft's acquisition bi
Seattle PI | at | by Mike
Microsoft is showing signs of running out of patience with Yahoo Inc., more than two months after making its acquisition bid for the Internet portal.
The Redmond company is "evaluating" its original $44.6 billion offer under the theory that Yahoo's value may have declined since the original bid, a person familiar with the matter said Friday, confirming a report by the Reuters news service.
The move was widely seen as an effort to increase the pressure on Yahoo to enter formal negotiations over Microsoft's bid. Whether or not it was a bluff, Wall Street took notice. Shares of Yahoo dropped in after-hours trading, as investors speculated about the possibility of Microsoft reducing the Jan. 31 acquisition offer, a 62 percent premium over Yahoo's share price at the time.