Microsoft rumored to have upped the offer for Yahoo

Market sources claim that Microsoft has now enhanced its acquisition offer value for Yahoo.

Yahoo had rejected the earlier bid of $44.6 billion, or $31 per share.

Both the companies have yet not commented on this report first published by The New York Times.

Market sources say that Microsoft could afford to pay up to $35 a share for Yahoo.

This latest rumor in the market boosted the Yahoo stock at the market by around 80 cents in extended trading.

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