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Confusion clouds possible Yahoo-Microsoft talks
Published in Saudi Press Agency on 24 - 06 - 2008


Talks between Yahoo and Microsoft appear to
have resumed but there was widespread confusion Tuesday about whether
the companies are trying to resurrect a buyout deal, or are focused
on a more limited pact that could see Microsoft buy Yahoo's search
business for an estimated 1 billion dollars, according to dpa.
Quoting multiple sources from both companies, the influential tech
blog TechCrunch said the companies had resurrected the full buyout
talks but that Microsoft was offering less than the 33 dollars per
share that Yahoo rejected when talks broke down in early May.
Since then the company's board has come in for sharp criticism for
rejecting a deal and is now facing a shareholder revolt led by
activist investor Carl Icahn, who is hoping to resurrect the
Microsoft talks.
However, other media sources disputed the TechCrunch account,
quoting a source as saying that Microsoft remains open to a deal
involving Yahoo's search operations and that connections between the
two companies could lead to agreements.


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