Source: Microsoft, Yahoo Talks Intensify

Microsoft and Yahoo have intensified talks in an effort to reach a friendly agreement on a buyout of Yahoo, a source familiar with the matter said on Friday.

Yahoo shares rose 6.4 percent on news of the accelerated talks, as investors had feared Microsoft might walk away from its unsolicited bid or launch a proxy battle.

Microsoft Chief Executive Steve Ballmer said on Thursday that walking away from a deal with Yahoo was one of three options the company was weighing.

News of the heightened talks was first reported on the Wall Street Journal‘s Web site.

Yahoo officials could not immediately be reached. Microsoft declined comment on the report.

Microsoft shares fell 1.7 percent to $28.89.

 

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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