Washington (eCanadaNow) - The clock is ticking for Yahoo as the deadline Microsoft put in place is about to run out.  This is a major week for Yahoo as they have to decide whether to give in to Microsoft's proposed takeover bid, or to stay independent.

Yahoo has to decide whether or not they will take the Microsoft bid, which is worth $31 per share or $42.8 billion, or seek a different route.

Yahoo has been trying to get Microsoft to raise their bid, stating that Microsoft undervalued the company.

The clock is certainly ticking as Yahoo has tried some tasks over the past few weeks to boost the bid from Microsoft.

One such task will be reported on in the middle of the week, when Yahoo finished a test with Google Inc, which had them outsourcing their advertising.

On Saturday though, the time will run out as Microsoft's deadline comes upon Yahoo.  It should be an interesting week to say the least.