Microsoft chief, Steve Ballmer said his company was still holding talks with Yahoo, although no longer about efforts to take the Internet giant. Ballmer, speaking during a conference hosted by The Wall Street Journal here on Tuesday, recalled that Microsoft had dropped its bid to buy Yahoo after it rejected its take-over offer.
"We made a bid, we thought that we could accelerate our online activities by acquiring Yahoo. We walked away. Now we are talking about other things with Yahoo," he said without providing more details.
"We are not re-bidding, it's not on the docket, but we reserve the right to do so," he added. Yahoo chief executive Jerry Yang was to address the same "All Things Digital" conference on Wednesday.
Analysts believe that Yahoo is not interested in a partial take-over and would prefer to either sell the company for a higher price or not at all. Others say Microsoft only wants to acquire Yahoo's search engine and its system that places advertisements on Internet searchers, which generate 1.6 billion dollars in sales.
Comments
Comments are closed.