Microsoft on Thursday indicated it was not prepared to raise its bid for Yahoo and would consider its alternatives, including taking its offer to shareholders, if no progress was made by this weekend in talks with Yahoo’s board. The software maker also reported 3Q revenues of $14.45bn, just shy of the average analyst estimates of $14.49bn, and brushed off broader economic worries to give a confident projection of double-digit growth over the next year, although short-term weakness in sales of its core Windows product sent its shares sliding in after-hours trading.

This entry was posted by Gwen Robinson on Friday, April 25th, 2008 at 5:25 and is filed under Capital markets, M&A. Tagged with microsoft, yahoo. Edit this entry.