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Microsoft Slides 2%; Yahoo's Deadline To Make Decision on Bid Passes(Midnight Trader Via Acquire Media NewsEdge) Boston, Apr 28, 2008 (MidnightTrader via COMTEX News Network) -- Microsoft (MSFT) is down more than 2% and Yahoo (YHOO) is higher by less than 1%. The three-week deadline that Microsoft (MSFT) gave Yahoo (YHOO) to come to an agreement on its unsolicited bid for the Internet media company passed this weekend without any announcement. The developments leave most Wall Street analysts betting that MSFT's bid will turn hostile, with a minority guessing the software giant will drop its bid all together. Microsoft officials were also reportedly preparing a response to Yahoo that could come out today or tomorrow. Speaking in Madrid last week, CEO Steve Ballmer reiterated that his company saw no reason to raise its bid for Yahoo above the current price, which now stands at $29.68 a share. Price: 29.15, Change: -0.68, Percent Change: -2.28% Copyright (C) 2008 MidnightTrader.com. All rights reserved. Unauthorized reproduction is strictly prohibited. |