Microsoft & Yahoo deal lives again!
Posted by rabilancia on 05/18/08 in Microsoft, Yahoo
from The Wall Street Journal moments ago…
May 18, 2008
“Microsoft said that it is considering an agreement with Yahoo and opened up the possibility that it would consider buying part of the Internet company. In a statement, Microsoft said that it “is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo.” The Redmond, Wash., software maker didn’t provide details on the transaction being discussed. Microsoft on May 3 withdrew a bid for Yahoo that it made earlier in the year. Since Microsoft’s withdrawal, activist investor Carl Icahn has tried to push Yahoo into a deal with Microsoft by proposing an alternative slate of Yahoo directors and had bought 10 million shares and options to purchase 49 million more.”
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