The Microsoft (NASDAQ: MSFT) proposed acquisition of Yahoo! (NASDAQ: YHOO) may be taking a new twist.
The talk is now all over after-hours that Microsoft may be reevaluating its buyout offer for the troubled search and online media operator. This can be interpreted as a threat to walk away or it can be interpreted as a threat to lower the bid.
The companies did meet earlier this week, but to no avail. There are media reports on this on CNBC and on Dow Jones but one should still consider this one hearsay if it was evidence being presented in a court.
Or it may just be a negotiating tool to show Jerry Yang that he's up the creek with no paddle if Microsoft just quits its offer. Jerry Yang better be considering how this will affect his position not just Yahoo! for now. Shareholders may revolt here, and understandable so. There will be more data over the weekend, and some of it may actually be based on fact rather than hearsay.
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