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Microsoft has revived the possibility of a deal with Yahoo Incorporation. After failing to agree on a merger, Microsoft is exploring an agreement with Yahoo that stops short of a complete takeover. With this move Microsoft, the world’s biggest software maker has given Yahoo, which is the second most popular web search engine to strike a deal amicably. The proposal gains significance as billionaire investor Carl Icahn, who recently bought a stake in Yahoo had threatened to oust the internet company’s board.
Microsoft CEO Steve Ballmer had abandoned the deal talks on May 3rd after Yahoo’s CEO Jerry Yang demanded a higher price than Microsoft’s $47.5 billion offer. Yahoo too has responded positively to Microsoft’s attempts at revival as it made a statement yesterday saying that it is open to pursuing any transaction in the best interests of the investors.
Microsoft spent nearly three months persuading Yahoo for the merger to expand its Internet-search business and compete with Google in the $41 billion worldwide online advertising market. Despite Microsoft's great manouvers Yahoo rejected the takeover bid saying what Microsoft was offering was too less.
Microsoft spent nearly three months persuading Yahoo for the merger to expand its Internet-search business and compete with Google in the $41 billion worldwide online advertising market. Despite Microsoft's great manouvers Yahoo rejected the takeover bid saying what Microsoft was offering was too less.
