In the latest turn around of events, global internet giant Yahoo says that it is not opposed to the Microsoft Deal, but there are some conditions. Yahoo is planning to send a letter to Microsoft telling that Microsoft should pay more than $31 a share if its wants to buy Yahoo.

 

The letter is expected to be sent on Monday and according to a source Yahoo is expected to reject Microsoft's suggestion that the business is deteriorating.

 

Microsoft has given Yahoo three weeks to accept its takeover offer or it may lower its bid and hold discussions with Yahoo investors.  Steve Ballmer is believed to have said to Yahoo's board of directors that the time to negotiate the final terms of the deal has come. The recent development clearly shows that Microsoft is trying to convince the internet comnany's (Yahoo) directors to negotiate a friendly deal before Yahoo's next annual meeting.

It should be noted that Yahoo's directors had earlier rebuffed Microsoft's original offer saying the takeover offer undervalued Yahoo. Microsoft's takeover bid, valued at more than $40 billion, would mark the biggest takeover in the technology sector, if materialised.