Microsoft Set To Re-Enter Talks With Yahoo!
Microsoft has released a statement confirming it is willing to renew a deal with Yahoo! if it replaces its board of directors at its annual meeting next month.
The software giant has reinstated its interest in acquiring Yahoo!, saying: “Microsoft would be interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase the ‘search’ function with large financial guarantees or, in the alterative, purchasing the whole company.”
This comes just a month after Yahoo! reportedly ended all merger talks with Microsoft (see Yahoo! Signs Search Ad Deal With Google) after Microsoft said it had no interest in buying the company outright.
Microsoft and Yahoo! have been trying to strike a deal since January, with Yahoo! turning down a $33-a-share deal offered in May (see
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