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Citigroup: Microsoft will raise bid for Yahoo

Posted on March 25, 2008
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Accordingto reports, a Citigroup analyst, Mark Mahaney upgraded Yahoo to a buy and predicted that Microsoft Corp. will raise its bid to $34 a share, saying that, despite the uncertainty surrounding the proposed merger, Microsoft is determined to pursue the deal, even at a higher price. “We believe the likelihood of Microsoft of walking away from the deal is small,” he said in a research note.

1 thought on “Citigroup: Microsoft will raise bid for Yahoo”

  1. Damir says:
    March 25, 2008 at 11:58 am

    Speculations are another way to encourage people to do business (give people the benefit).

    Great Info

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