Yahoo, Microsoft Execs Meet to Discuss Buyout

Gates' team explains its vision; no negotiations take place
By Jim O'Neill,  Newser User
Posted Mar 14, 2008 8:38 AM CDT
A Microsoft Corp. building is shown Monday, Feb. 11, 2008, in Redmond, Wash.    (AP Photo)
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(Newser) – For the first time since Microsoft made an unsolicited—and unwelcome—$44.6 billion bid to take over Yahoo Jan. 31, executives for the two companies sat down this week to discuss what a post-merger company might look like, reports the Wall Street Journal. No negotiations took place, the Journal notes. Microsoft officials pitched their vision, and Yahoo officials mostly listened.

Analysts say they expect to see lackluster results from Yahoo in soon-to-be-released first-quarter data, adding to investor pressure to accept the offer, which Yahoo contends is under value, reports the Seattle Post-Intelligencer. With no other offers in sight—News Corp and Google have declined Yahoo overtures to partner—Microsoft may be the Internet company’s only choice.