Friday, 30 May 2008

Microsoft Not Buying Yahoo

The boss of Yahoo has said Microsoft is no longer interested in buying the company but that it "makes sense" for the two to discuss working together. In his fullest comments since Microsoft dropped its $47.5bn bid this month, Jerry Yang admitted a merger would have had a "tremendous amount of power". He insisted that it had been Microsoft which had broken off talks over price. But Mr Yang said Yahoo was still "listening" to proposals being put forward by its rival.

Read more here.

Posted by at 20:25
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