Unless another bidder comes along don't expect Liberty to raise the price. Malone always drives a hard bargin. Good luck.
The smartest thing Malone did was make the bid contingent on Riggio staying at the helm of the company. B/C that's what this whole thing has been about the whole time- Riggio wanted to keep his baby. He would have been happy to give the company to anyone who offered him that, regardless of price.And since he has something like 40% of the shares, it's his call.The company is worth far more than $17 to real estate players like Burkle and Aackman, to a large tech company looking to build on the nook it could be priceless.But they wouldn't just have to beat the price- they would also have to beat the play to Len's ego.
Why is it taking so long to negotiate and accept this deal? Is this usual when a company makes a bid - for the buyee to take months to accept the bid.