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Microsoft and Yahoo still pursue deal
San Francisco Published in Saudi Press Agency on 03 - 07 - 2008


Yahoo is holding separate talks with the
same business partners courted by Microsoft in its takeover bid of
the company, the Wall Street Journal reported Thursday, according to dpa.
The talks come amid a flurry of activity ahead of a proxy
shareholder vote on August 1 as Yahoo's current board attempts to
persuade disgruntled stockholders they are doing everything needed to
maximize shareholder value. Billionaire investor Carl Icahn is
leading the revolt, charging that management deliberately sabotaged a
47.5 billion dollar takeover bid.
Since the unraveling of the sale Yahoo's shares have dropped from
about 30 dollars to 20.18 Thursday.
According to the report, the talks with Time Warner focus on the
possibility of folding AOL into Yahoo and giving Time Warner a
minority stake in the company. Talks with News Corp involve a
combination between Yahoo and News Corp's MySpace.

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