Ballmer to raise Microsoft's offer for Yahoo
Microsoft CEO Steve Ballmer is willing to offer $33 a share for Yahoo, the Wall Street Journal reports. Major Yahoo shareholders however, want $35 a share. The Yahoo board is said to be holding out for an offer in the high $30s. Meanwhile, Yahoo CEO Jerry Yang continues to negotiate an alternative deal with Time Warner that would merge AOL and Yahoo and give Time Warner 20 percent control over the new company.