Microsoft says it will not up itsoffer for Yahoo, despite Yahoo posting
better than expected quarterly results yesterday.
Microsoft's
takeover offer to Yahoo is worth £21.5bn.
Microsoft CEO Steve Ballmer told Reuters, "I wish
Yahoo all the
success with its results, but it doesn't affect the value of Yahoo
to Microsoft."
The global internet services company stuck to its wide-ranging
sales growth forecast for the year, of between 3% and 15%.
The firm said there was weakening online advertising demand in
sectors like finance, retail and travel.
Microsoft has already set Yahoo a deadline for this Saturday to
accept its takeover offer, otherwise face a
hostile takeover bid and possibly a lower offer for its
stock.