Report: Microsoft, Yahoo enter tentative discussions
Microsoft and Yahoo
executives met for the first time on Monday to discuss Microsoft's initial $44.6
billion cash and stock bid for the company, the Wall Street Journal reported on
Thursday.
The meeting is the first since Microsoft
made the unsolicited offer on Jan. 31, and gave Microsoft a chance to pitch
its vision of the future of the two companies. Yahoo
rejected the initial offer last month, saying it was too low.
The meeting included several executives from both companies but was not a negotiation
and no investment bankers attended, the report said. No further talks have been
scheduled.
The report said it wasn't immediately clear if the CEO's of either company
attended the meeting.
IDG News Service
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