Wall Street appears losing patience with Yahoo!'s waiting game

Henry Blodget: Like Steve Ballmer, Wall Street appears to be getting tired of Yahoo's waiting game. It has been a while since big shareholders like Legg Mason's Bill Miller came out publicly to say that Microsoft needs to raise its bid to $35 a share. Privately, we hear, some big shareholders are increasingly grumbling that Yahoo […]

Henry Blodget: Like Steve Ballmer, Wall Street appears to be getting tired of Yahoo's waiting game. It has been a while since big shareholders like Legg Mason's Bill Miller came out publicly to say that Microsoft needs to raise its bid to $35 a share. Privately, we hear, some big shareholders are increasingly grumbling that Yahoo is grasping at straws and getting terrible M&A advice. The market is increasingly concluding that Microsoft won't raise its offer (thus the stock drop yesterday, despite Yahoo's letter to Steve Ballmer). As MarketWatch's Therese Poletti observes, even sell-side analysts are starting to pile on the company[...]

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Microsoft, Yahoo!, Deal, Acquisition, Corporate News