Microsoft opens window to buy Yahoo! ~ World Amazing Information, Facts & News

Microsoft opens window to buy Yahoo!

Posted by Rahul Doshi | 5/05/2007 07:59:00 PM | , | 0 comments »

Microsoft Corp has intensified its pursuit of a deal to take over Yahoo Inc, asking the company to re-enter formal talks, the New York Post reported on its Web site on Friday.
While the two companies have held informal deal talks over the years, the latest approach signals a new urgency on Microsoft's part, the paper said, citing unnamed sources.

The approach follows an offer Microsoft made to buy Yahoo a few months ago, the Post reported, but Yahoo spurned the advances.

The Post said Wall Street sources put a roughly $50 billion price tag on Yahoo.

Source: Expressindia.com

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