Microsoft Boosts Offer, Launches Talks With Yahoo

Increase of 'several dollars' seen
By Jonas Oransky,  Newser Staff
Posted May 2, 2008 3:34 PM CDT
Exterior view of Yahoo headquarters.   (AP Photo/Paul Sakuma)
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(Newser) – Microsoft and Yahoo are holding active merger talks, with Microsoft willing to increase its offer “by several dollars,” sources tell the New York Times. The negotiations come as a major breakthrough after months of stalemate; Yahoo shareholders have been fielding calls from both sides seeking to arrive at an acceptable price. Shareholders had sought  $35-$37 a share; Microsoft is said to be willing to go as high as $33.