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Report: Microsoft board mulls higher Yahoo offer

Microsoft's board is meeting Wednesday to evaluate its options for taking over Yahoo, The Wall Street Journal reported.

Microsoft's board of directors met Wednesday to evaluate options in its attempt to acquire Yahoo, The Wall Street Journal reported.

An announcement of the board's conclusions could come after the meeting, the newspaper said, citing people familiar with the situation.

Microsoft is evaluating an offer of as much as $32 to $33 per share, well over the present $29.12 value of Microsoft's offer, but "major Yahoo shareholders" are angling for $35 to $37 per share, the paper reported.