TEL AVIV (MarketWatch) -- Microsoft Corp. is standing firm and won't raise its $44.6 billion bid for Yahoo Inc., people close to the Redmond, Wash., software giant
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told The Wall Street Journal. Microsoft has met once with Yahoo and hopes to lure the Sunnyvale, Calif., Internet-services provider
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into serious discussions, the Journal reported. Microsoft's strategists say that Yahoo's recent presentation to investors contained nothing that would justify a higher price, and the worsening economic downturn has made the current deal price seem that much more attractive, the paper reported.
