Report Says Microsoft, Yahoo Discussed Merger

March 15th, 2008

Senior executives from Microsoft and Yahoo powwowed this week to discuss Redmond’s $44.6 billion offer to acquire Yahoo, according to The Wall Street Journal. The reported gathering could bring the companies closer to agreement. Executives from the companies had not met to discuss Microsoft’s Jan. 31 offer since Yahoo rejected it in February.Citing “people familiar with the matter,” the Journal reported that Monday’s meeting wasn’t a negotiation, and no bankers attended. Instead, Yahoo allowed Microsoft to present its vision of a merged company at a location near Yahoo’s Sunnyvale, Calif., headquarters.

Yahoo executives reportedly listened, but further talks were not scheduled. It remains unclear, the Journal reported, whether Yahoo CEO Jerry Yang and Microsoft CEO Steve Ballmer were present at the meeting.

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