Via WSJ
The two companies and their advisers have been talking in recent weeks, but achieved no breakthroughs that would lead them to a friendly deal by Saturday, said people familiar with the matter. That’s the day Microsoft Chief Executive Steve Ballmer has set as a deadline for Yahoo to reach a friendly deal before Microsoft goes hostile, threatening to lower the price in that case.
The people familiar with the matter said that, as of late Friday, no meetings between the two companies were planned for the weekend and they were skeptical that any friendly accord could be reached before Monday.