Yahoo stocks rebounds on Microsoft renewed talks reports
Yahoo's depressed stock has jumped by more than 3 per cent on reports that the internet pioneer is once again exploring a possible deal with Microsoft after ending talks earlier this month.
By Agencies |
SAN FRANCISCO: Yahoo's depressed stock has jumped by more than 3 per cent on reports that the internet pioneer is once again exploring a possible deal with Microsoft after ending talks earlier this month.
The Silicon Valley blog TechCrunch on Tuesday reported Microsoft had renewed its efforts to take over Yahoo.
But a person close to Yahoo told The Associated Press that Microsoft still is not interested in buying Yahoo in its entirety. The person wasn't authorized to speak on behalf of Yahoo.
Other Web sites citing unnamed people reported the two rivals had renewed discussions about a deal that would involve Microsoft buying Yahoo's online search engine.
Microsoft and Yahoo did not immediately respond to requests for comment.
The Silicon Valley blog TechCrunch on Tuesday reported Microsoft had renewed its efforts to take over Yahoo.
But a person close to Yahoo told The Associated Press that Microsoft still is not interested in buying Yahoo in its entirety. The person wasn't authorized to speak on behalf of Yahoo.
Other Web sites citing unnamed people reported the two rivals had renewed discussions about a deal that would involve Microsoft buying Yahoo's online search engine.
Microsoft and Yahoo did not immediately respond to requests for comment.
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