Yahoo-Microsoft talks fail, Google deal?

Yahoo-Microsoft talks fail, Google deal expected

D2412904-3ABE-40BA-91E5-2575DDBA496A.jpg

According to Reuters – Yahoo Inc and Microsoft Corp have failed to agree on a partnership or merger, the companies said on Thursday, sending Yahoo shares down 13 percent.

Instead, Yahoo is close to a search advertising deal with Google Inc and an announcement could come later in the day, sources familiar with the matter said.

The software maker had sought a deal with Yahoo for more than a year. By early May. Microsoft had offered up to $47.5 billion to buy the Internet company.

Microsoft hoped an acquisition would accelerate its ability to capitalize on Internet advertising growth and better compete with Google, which is increasingly fighting for the same audience of Internet users.

“It was pretty clear it was going to be one or the other. Yahoo wasn’t going to do a deal with Google and then partner with Microsoft,” Global Crown Capital analyst Martin Pyykkonen said.

Yahoo said on Thursday that Microsoft had made it clear in a meeting on June 8 that it was no longer interested in buying the company outright, even at the price of $33 per share Microsoft had most recently proposed.

Read full Article HERE

(Via reuters .)

Advertisements

No comments yet

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: