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WORLD> America
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Conflicting reports on Microsoft, Yahoo buyout talks
(Agencies)
Updated: 2008-06-25 10:08 NEW YORK - Microsoft Corp (MSFT.O) is back in talks to buy out Yahoo Inc (YHOO.O), technology blog TechCrunch reported on Tuesday, citing multiple unnamed sources at both companies.
Both Microsoft and Yahoo declined comment. "The information we have is thin, but what one source is saying that Microsoft is talking a price lower than the $33 they were offering when the talks disintegrated in May," the report said. CNBC says no deal "whatsoever" was on the table between Yahoo and Microsoft, citing unnamed sources. Yahoo shares rose 5.73 percent to $22.68 on the Nasdaq in afternoon trading. |
