Saturday, May 03, 2008

Cnet: Yahoo's two largest institutional investors $1 apart from Microsoft's offer

"With Microsoft's withdrawal of its increased Yahoo bid on Saturday, the Internet search pioneer's two largest institutional investors are fuming, according to a source familiar with their thinking.

The two investors were willing to accept an offer of $34 a share, the source noted. Microsoft was offering an increased bid of $33. "

""They'll get a call tomorrow. I'm shocked this deal didn't get done. They're idiots," said a source familiar with the investors thinking. "

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