05/01/2008 05:12 am ET | Updated May 25, 2011

Microsoft CEO Threatens To Walk From Yahoo Merger

Microsoft (MSFT) responds to Yahoo's earnings by raising the ante again in one last-ditch, trans-Atlantic attempt to get Yahoo (YHOO) to cave. Speaking at a conference in Milan, Steve Ballmer said he has already made a big offer and suggested that Microsoft is getting ready to walk:

``We are offering a lot of money,'' Ballmer said today at a Microsoft conference in Milan. ``If Yahoo's shareholders like it, that's great. We are prepared to go forward without a merger with Yahoo.''

Note that, once again, Steve is not saying "We won't raise the bid." This is the second day in a row he has implied that without actually saying it.

Read more on Silicon Alley Insider