Yahoo upgraded to buy on expected higher Microsoft bid
Citigroup analyst sees software giant raising offer to $34 a share
Microsoft raised its bis for yahoo to $34 a share. This makes the most sense for the company. A merger with Google would never pass through the regulators. The first deal was rejected but to survive in the future these two companies know that they need each other.
http://www.marketwatch.com/news/story/yahoo-upgraded-buy-sweeter-microsoft/story.aspx?guid=%7B16ECADB1-F21C-4447-95C2-0802508B75D0%7D
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