Microsoft-Yahoo dance could end as soon as Monday. The Wall Street Journal quoted an insider who said that during a Saturday meeting Yahoo’s board decided that Microsoft was “trying to take advantage of the recent weakness in the company's share price to 'steal' the company”

“Yahoo's board appears to be betting that Microsoft doesn't want to 'go hostile' and try to acquire the company against the wishes of management and the board," the Wall Street Journal reported on its website.

Though, the Yahoo board has discussed how to press Microsoft to increase its bid. In February 1, Microsoft has made an offer of $44 billion to Yahoo, or $31 per share.

The Wall Street Journal noted that the company officials want at least $40 per share, which means more than $12 billion.

In addition, the possibility of search advertising partnership with Google was one of the other alternatives discussed during the meeting.

According to Bloomberg, a Yahoo spokesperson declined to comment after the report. “The board is continuing to evaluate the proposal,” she said. “We're not commenting beyond that.”

Yahoo Inc.'s CEO Jerry Yang told employees Wednesday in an e-mail that "as we've said, no decision has been made about Microsoft's proposal. Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,"

Meanwhile, the research company IDC issued a report saying that a Microsoft-Yahoo merger could be a successful counterweight to Google.

"IDC's data on online search behavior and advertising revenue shows that a Microsoft-Yahoo merger creates a credible challenger to Google's Web hegemony," the report states.