As Microsoft is preparing for final hostile take over, shares in Yahoo jumped 3 percent. The world’s largest software maker is going for Yahoo so that it can compete with internet giant Google in online services particularly advertising. Microsoft may increase the offer for the internet firm it made in February, which was then worth $44.6 billion.
Yahoo rejected the cash and share offer as inadequate, and has since ignored a Microsoft-set deal deadline.
Microsoft’s bid was originally worth $31 a share, but the value of the offer has since fallen as the Microsoft share price has declined.
Today Microsoft’s shares were practically unchanged at $29.38. Meanwhile, Yahoo’s shares were trading at $27.79.
There are suggestions Microsoft will up its bid to around $33 per share, but it is understood that Yahoo shareholders are hoping for $35 to $37 per share.
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