Microsoft Corp.'s chief executive officer said Wednesday that Microsoft's US$44 billion (27.6 billion) offer for Yahoo Inc. reflects the company's worth and there are no plans to raise it.
"We know what Yahoo's worth. US$44 billion is a lot of money," CEO Steve Ballmer said at a conference in Milan.
Ballmer added that Microsoft is "prepared to move forward alone without Yahoo" if the bid doesn't succeed.
The cash-and-stock bid _ valued at US$44.6 billion (28 billion), or US$31 per share, when it was first made _ is now worth about US$43 billion (26.99 billion), or US$29.88 per share.
Without specifying a precise price, Yahoo has maintained it's worth more to Microsoft even though its shares had fallen below US$20 before the bid.
