Microsoft sees no reason to increase its bid for Yahoo, two months after it made a $44.6 billion offer to buy the Internet company, people familiar with Microsoft's plans said on Monday.
"Why would Microsoft bid against themselves? The company sees no reason to bid against itself," one of the people said. The people requested anonymity because they are not authorized to speak on behalf of the company.
Microsoft and Yahoo executives have met once to discuss a potential merger since Microsoft made its $31-a-share for Yahoo on Jan. 31, other sources told Reuters earlier.
Although some technology blogs have speculated that Microsoft is planning to raise its bid, one person familiar with the company's plans said Microsoft does not feel the need to pay more because no viable strategic alternatives have emerged.
That leads to our Fast Money Reader Poll. Do you think Microsoft should increase its bid for Yahoo!?
Got more to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap!
If you'd prefer to make a comment but not have it published on our website send your message to firstname.lastname@example.org.