Activist investor Carl Icahn has set the price he believes Yahoo should accept from Microsoft at $49,5-billion, or $34,375 per share. 

As yet, there is no sign that Microsoft is ready or willing to come back to the negotiating table, but Icahn is pressing ahead with an aggressive programme to force Yahoo into a sale.
The amount he's named is about $2-billion more than Microsoft offered in May.
At that time, Microsoft upped its original offer to R33.00 per share, but Yahoo refused to budge from $37.00.
Icahn is threatening that if a sale isn't agreed to before the shareholders' meeting on 1 August, he will launch a proxy battle to replace the board of directors with the intent of firing CEO and co-founder Jerry Yang.