Microsoft and Yahoo Meet to Discuss Merger

Posted by erbing

March 15, 2008

Microsoft and Yahoo met on Monday to discuss Microsoft’s takeover offer for the Internet company, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The meeting was said to be the first since Microsoft made its unsolicited offer for Yahoo, worth nearly $42 billion, on January 31. Yahoo rejected the offer as inadequate last month. The session was intended to allow Microsoft to present its vision of a combined company, and Yahoo executives mostly listened, the Journal quoted one of the sources as saying.

Link: Reuters