(3 May 2008 9:30 pm)

MUMBAI: Microsoft Corp may soon seal its deal with Yahoo Inc, according to media reports.

This follows Microsoft's revised bid of $33 per share, up from its old offer of $31 per share (worth $42.2 billion). Yahoo board, according to reports, wanted at least $37 per share.

Previously, Yahoo had denied entering into any formal negotiations with Microsoft, stating that the initial price Microsoft made public in February did not suitably value either Yahoo's search and display advertising technology, or its overseas holdings.

Every dollar added to the per-share price amounted to about $1.4 billion extra for the total deal at current prices, and Microsoft shareholders have had questions about how much higher the company should go.