Yahoo to meet up with regards to the deal

Slashdot It! Yahoo's board of directors is to meet to discuss Microsoft's $44.6 billion buyout offer, the TechCrunch blog said, citing unnamed sources. A Yahoo spokeswoman said the company's board was still "carefully and thoroughly evaluating" the Microsoft offer but would not comment on when its board plans to meet. Microsoft made its offer public on February 1. According to the report, Yahoo's outside advisers are in favor of a deal, despite the interest of some executives to seek an alternative tie-up with Web search leader Google. Analysts have said Microsoft could be persuaded to raise its $31 per share unsolicited bid, above a 62 percent premium when the offer was first made public last week, to make it easier for Yahoo co-founder and Chief Executive Jerry Yang and his board to accept. Yahoo investor Capital Research and Management met with Microsoft CEO Steve Ballmer on Thursday to see whether he would be willing to raise the bid, The New York Post reported, citing a source familiar with the meeting. Officials for Capital Research and Microsoft declined comment on the report. Yahoo shares were down 12 cents at $28.92 in early trading. Get Daily Updates via Email Protect your computer with Windows Onecare Get paid $7.50 for reviewing my post