Microsoft Yahoo break silence
Microsoft, Yahoo are reportedly talking for the first time since Yahoo rejected Microsoft's takeover offer in January.
Another headline for Yahoo and Microsoft this time, the wall street journal reporting that executives from Microsoft and Yahoo met on Monday to discuss options after of course Yahoo rejected that nearly 42 billion-dollar takeover bid from Microsoft last month.
Let's take a look at the numbers here, Microsoft and Yahoo both trade in to the downside right now as you've seen that downturn of the broader market. Take a look here at Microsoft, and also wanna take a look at the numbers here for Yahoo. This is when that bid came in, that was a 42 billion dollar bid, it was at a 62% premium at the time that came on January 31st, shares just popped. And they've really managed to hold on to their gains since then.
Also, a representative over at Yahoo that we reached out to not commenting at all on this report, but again, this is what the journal is saying that executives have met to discuss what a combination between Microsoft and Yahoo would potentially look like. There are reportedly no further talks scheduled, but this is the first time that the two camps have met since the breakdown in communication after that offer was rejected, of course, Jerry Yang and his board over at Yahoo, rejecting that offer, saying they thought it, quote, undervalued.
Yahoo, keep in mind there've been a number of rumors since then, circulating about whether anyone is gonna take Yahoo over and if so, who ?There were reports that CNN's parent company, Time Warner might try to tie up AOL with Yahoo. Other reports out that Rupert Murdoch and his news corp. are potentially interested in tying up Myspace with Yahoo, of course none of that really flushed out, but now the newest results in this is that reported meeting on Monday again between Yahoo and Microsoft executives that have been stated in the wall street journal, You can catch a lot more of this and all the developments right on our website here.
Notes:
Tie up: secure with or as if with ropes