Yahoo's stock price dipped 3 percent in after-hours trading (according to its own finance site) on news that Microsoft may lower its buyout bid.
A Reuter's story quoting 'people familiar with the matter' says Microsoft thinks Yahoo may have lost value as a company since Redmond's original offer. BusinessWeek says it's a taste of what could happen if Microsoft pulls out entirely, but Rob Hof notes that it's "probably little more than the latest twist of a negotiation process."
Meanwhile, Google confirmed that its winning strategy during the recent 700mhz auction was not to win. Instead, it bid only to trigger the open applications and open handsets license conditions. More from TechCrunch and the Google Public Policy Blog.
Erik Larkin | Friday, April 04, 2008 5:36 PM PDT
Yahoo Suffers from Buyout News, Google Explains Wireless Strategy
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