Bibi has on three occasions stretched out his hand to Livni and each time she rejected either because it was pure ego because she is still bitter about the fact she is not PM or she made unacceptable demands like Bibi ditching his main right wing coalition partners. As leader of a right wing party he could not do that and he risked Livni & Barak teaming up and toppling him as the left would make up most the numbers in the coalition. Now she is sitting in opposition and has no input in government all she can do is whine and nobody is listening. She is also very bitter right now because until Barak quite Labor it looked like the government was on shaky ground then Barak quit and gave Bibi the stability he needed to potentially last another two years which would be Livnis worst nightmare. She is desperate to keep her whiter than white image but to do that she needs to keep a low profile. The problem is you keep a low profile you don't get the media coverage and without that nobody takes you seriously. If she wants to continue playing that game she needs an election as soon as possible and the longer she has to wait the less the public see her as a viable alternative and it also gives Bibi to solve problems and get himself reelected. Shaul Mofaz is already plotting how to get rid of Livni and if Bibi wins the next election she is history. Right now Bibi has a pretty stable coalition ( thanks to Barak ) and Livni just doesn't know what to do with herself.
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from the article: Kadima launches new campaign against Netanyahu's government