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Ballmer: Yahoo! Move Soon, but Not Today

Stock quotes in this article: MSFT , YHOO , GOOG , TWX  

SAN FRANCISCO -- In a never-ending deal negotiation, Microsoft's(MSFT Quote) chief executive suggested Thursday that the end is in sight for a decision on its Yahoo!(YHOO Quote) strategy.

The Redmond, Wash., software company should announce something shortly regarding its bid for Yahoo!, CEO Steve Ballmer reportedly said Thursday in a "town hall" meeting with Microsoft employees.

Microsoft's deadline for Yahoo! to accept its $31-a-share offer ended Saturday, and investors have awaited Microsoft's next step, which it promised was forthcoming this week.

In a partial, paraphrased recount on the blog Silicon Alley Insider, Ballmer reportedly said: "We ought to announce something in very short order," but added he would have nothing definitive to say Thursday. ...

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