Microsoft has no plans to raise bid for Yahoo

Microsoft is said to have no plans to raise the bid value for Yahoo.

A company source was quoted as saying: “Why would Microsoft bid against themselves? The company sees no reason to bid against itself.”

The software giant had placed a bid of $44.6 billion which was rejected by the internet media company.

Market experts agree on this considering no other party has shown interest in Yahoo by announcing a comparable offer.

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