Microsoft, Yahoo merger talk falls through |
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The much-hyped issue of amalgamation of Microsoft and Yahoo, in the international scenario, has stopped to move any more and if the CEO of Yahoo is to be believed the bus is missed for the time being. This was affirmed in the recent days when the Yahoo Inc Chief Executive Jerry Yang clarified that Microsoft, the software giant in the global spectrum, seemed to be no longer interested in the complete merger of the two companies. He, however, reiterated that the potential deal with Microsoft would have tremendous prospects in the volatile global business. This forthright statement came as a surprise to both business and media since it is the sharpest public comment of the Yahoo boss to date, especially regarding his assessment of the four month old and far-famed Microsoft merger saga. It is to be noted that Yang indicated that his company was still open to a potential deal but Microsoft was no more in the scene. It should be remembered, at the beginning of this month, Microsoft staged a walkout from the proposal of acquiring Yahoo for $47.5 billion or $33 per share. The difference of opinion erupted since Yahoo was adamant to settle the issue for $37 a share. This incident was referred by the Yahoo CEO while he was speaking at an on-stage interview at the D: All Things Digital conference taking place near San Diego recently. He commented, "We did not walk away from that proposal. Microsoft did." But at the same time he did also comment that the grouping with Microsoft would have had a "tremendous amount of power." It was during the middle of May when the two companies stated that they had begun discussions on an indeterminate deal that was short of a merger. Being questioned Jerry Yang also said, "Microsoft is no longer interested in buying the company, and we are talking about other things. We definitely have to understand what they're proposing...they clearly have an interest in Yahoo, and we need to understand more." It has been learnt from a privileged source that, of late, Microsoft offered to purchase Yahoo's search business and acquire a minority stake in the Web pioneer. But the obstinance of Yahoo appeared to be the greatest stumbling block. Posted by subhasis on Saturday May 31 reply Comments |
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