Microsoft Would Restart Yahoo Talks With New Board
Posted on July 7, 2008
Microsoft Corporation would be open to a new plan to buy all or part of Yahoo if a new Yahoo board is elected. Microsoft broke off talks with Yahoo in early May, but Reutrs is reporting that it is possible for talks to resume.
Microsoft's openess to talks came after Carl Icahn's letter to shareholders that said a new board would "Immediately start negotiation with Microsoft to sell the whole company or, in the alternative, sell 'Search' with large guarantees." Speculation about Microsoft and Yahoo has been going on for months with Yahoo's stock price rising and falling along the way. Yahoo has also been losing a number of its employees.
Meanwhile, another story in the Times Online says Yahoo has entered merger talks with Time Warner. Something is going to happen to Yahoo but it is still unclear exactly who that will be and when it will occur.
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