Australian telco Clever Communications has made a bid to buy fellow wireless provider BigAir.
Microsoft may find it has some leeway in increasing its Yahoo bid by 10 percent without spooking its investors, one Wall Street analyst notes in a research report released yesterday.
Without a competing suitor to push Microsoft's unsolicited bid higher, Yahoo is turning to its investors to get that job done.
Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
BEA Systems is expected to let Oracle's US$6.7 billion buyout offer expire, as the two rivals dig their heels in deeper.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
Microsoft officially withdrew its offer to acquire Yahoo on Saturday but only after it threw an additional US$5 billion on the table.
Microsoft and Yahoo are holding informal merger discussions, marking a shift from the "radio silence" that previously existed between the two companies, according to a source familiar with the talks.
Yahoo's board has decided Microsoft's $31-per-share offer "massively undervalues" the company, according to a report in The Wall Street Journal. Yahoo is expected to formally reject Microsoft's offer, the Journal reported.
Medical software company iSoft has u-turned on a takeover bid from the Australian group IBA, and is now recommending a 160 million pound offer from Germany's CompuGroup.
The board of takeover target and IT provider Volante Group today unanimously rejected a bid of AU$1.01 per Volante share from Commander.
Domain name registrar NetRegistry has rejected claims its failed bid to buy rival Melbourne IT's acquisition target WebCentral included too many uncertainties.
Australian ICT infrastructure and services specialist Volante has retained Macquarie Bank and Deacons to help it assess a hostile AU$129.7 million takeover offer from telecommunications player Commander Communications.
Oracle director Joseph Grundfest acknowledged during courtroom testimony Thursday that the company's US$21-a-share offer for PeopleSoft may not be its last.
PeopleSoft's board of directors has rejected Oracle's revised hostile bid, saying it believes the company is worth more than US$26 a share.
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