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BlinkX has offered yet again to buy MIVA, the pay-per-click ad network, only this time the bid price $0.55 per share is less than half the initial offer $1.20 per share made earlier. MIVA’s share price has dropped more than 85% this year and it had to rush for a $10 million credit facility to mitigate Q3 losses.

Could anyone see a pattern in this bid and the one Microsoft is likely to make to Yahoo ? Yup the renewed bids would be less than half the ones made earlier – with the both MIVA and Yahoo having the choice of taking it or dying.