Microsoft’s CEO, Steve Ballmer, has announced that there is no way that he is paying anything more than he has offered for Yahoo! Speaking in Milan, Ballmer said that $44 billion for a search engine with Yahoo’s mileage was more than enough. He knew what Yahoo was worth and he would not pay a cent more. He said that $44 billion was a lot of money and Microsoft will not raise its bid. He added he was prepared to go into the search engine world without Yahoo if the bid does not succeed. Yahoo has hinted that, if Steve quietly ups his bid from the current $31 per share, it’s board might just think about it. However, as Ballmer pointed out, Yahoo was only worth $20 per share before Microsoft stuck its bid in.
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