Microsoft: "There's no reason to bid against ourselves"

Yahoo's board and top executives continue to hope Microsoft will raise its per share bid to $40, or at least the mid-$30 range. Not going to happen, a source close to Microsoft told the WSJ. Microsoft CEO Steve Ballmer and company consider Yahoo's talks between Time Warner and News Corp dead, and "there's no reason to bid against ourselves," this person told the paper. Meanwhile, frustrated Yahoo institutional investors told BoomTown they plan to support Microsoft in a proxy fight.