Microsoft this week indicated a willingness to raise its bid to as much as $33 per Yahoo share (from the original $31), attempting to avoid the hostile takeover battle Mr. Ballmer had threatened, according to people with knowledge of the situation.

This comes as a surprise because all of last week, Microsoft has been saying that they will not raise the bid.

$33 may not be enough because insiders claim that Yahoo! wanted anything from $35 - $37 per share.

You can read our analysis Microsoft-Yahoo-Google : Kuchh Kuchh Hota Hai

Microsoft had issued a deadline for Yahoo to act on the offer till April-26, this month.

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