Microsoft: Yahoo deadline expires

Microsoft reported its fiscal 2008 third-quarter results after the close of the US financial markets on Thursday. Revenues totalled $14.45bn. The revenue figure was up slightly from the $14.40bn posted a year ago but the net income and earnings per share were down.

Of course, Microsoft is still hoping to bolster its Online Services Business via its still-pending offer to acquire Yahoo. CFO Liddell said Microsoft’s offer remains ‘extremely generous,’ and said Microsoft would ‘reconsider our alternatives’ if Yahoo fails to accept the offer this weekend.

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