Microsoft Stands Firm
I guess even with the threat of a nuclear retaliation from Google (Nasdaq: GOOG), Microsoft is standing firm. (See Google Goes Nuclear.)
Investors still seem to think a deal will get done. Just look at Yahoo's stock price which is still hovering around $28.50. However, there are signs that people are getting antsy. Today was a huge rally on Wall Street as every major market index was up over 3 percent, yet Yahoo's shares declined 1.5 percent. This could all be a part of Microsoft's plan as more and more it seems the company is simply sweating Yahoo out until it finally caves and accepts its initial offer.
— Raymond McConville, Reporter, Light Reading