Microsoft ups Yahoo offer above $31 per share (Update)

Yahoo workers walk in front of Yahoo headquarters in Sunnyvale, Calif., Wednesday, April 30, 2008. Microsoft Corp. reportedly dangled a higher takeover bid in front of Yahoo Inc. Friday, hoping to reach a friendly deal after weeks of saber rattling. The Redmond, Wash.-based software maker upped its offer "by several dollars" per share, according to a New York Times report that cited unnamed sources. (AP Photo/Paul Sakuma)

(AP) -- Microsoft Corp. finally dangled a higher takeover bid in front of Yahoo Inc. Friday, hoping to reach a friendly deal after weeks of saber rattling.

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