With a deadline now set and looming, Yahoo have to come across with open arms even if they have no intention of selling our to Microsoft.
It is, you could almost say standard business. Maybe this way they can hope that someone else wold come in with a bigger offer.
The only thing is, with the recession looming largely in the United States there probably isn't any other company with that type of money at their disposal - unless some mega corporation is really interested then they could offer cash and shares!
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