Yahoo! leaves door open for Microsoft comeback

Jerry Yang, co-founder and chief executive of Yahoo!, last night hinted he would be prepared to re-open talks if Microsoft "had anything new to say".

At the weekend, Steve Ballmer, chief executive of Microsoft walked away from offering $47.5 billion for the online search engine, in a deal that valued Yahoo! at $33 a share. Mr Yang is understood to have refused to even consider yielding to the software giant for a valuation below $38 each.

After the talks broke down, shares in Yahoo! fell by as much as 20 per cent amid fears by traders that Mr Yang would not be able to either find another deal or increase its own stock price on his own.

Read Full Article from Times Online

- Posted: 2008-05-06 08:21:44

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