MICROSOFT has no plans to up its bid for Yahoo, reports the Wall Street Journal.

The paper claims that 'people close to' Vole's February hostile bid reckon that the original price of $31 a share is pretty much it, adding that such pronouncements are standard in deal negotiations but that these unnamed close friends of Microsoft insist the stance isn't simply macho posturing.

Yahoo management rejected the original bid, claiming that the company is worth something closer to $40 a share.

Despite the two companies having had only one meeting since February, MS is reported to be sanguine about the deal and is content to stare out Yahoo until it sees sense.

"There's no reason to bid against ourselves," a Microsoft source told the Journal.

L'Inq
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