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Yahoo, Microsoft Execs Meet to Discuss Buyout

Posted Mar 14, 08 8:38 AM CDT in Technology,  Business 

(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.

Sources Wall Street Journal, Seattle Post-Intelligencer

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A Microsoft Corp. building is shown Monday, Feb. 11, 2008, in Redmond, Wash.   (AP Photo)
Chinese subway riders walk past a Yahoo advertisement at a metro station in Beijing.   (AP Photo)
The Yahoo logo is shown on Thursday, Feb. 14, 2008 in New York.   (AP Photo)
This combination of two file photos shows Microsoft CEO Steve Ballmer, left, and Yahoo CEO Jerry Yang.   (AP Photo)
Yahoo and Microsoft execs met face-to-face to discuss what a merged company might look like.   (AP Photo)
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Google • Microsoft • Yahoo • mergers and acquisitions • News Corp • Jerry Yang • AOL • Time Warner • Steve Ballmer


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