Conflicting reports on Microsoft, Yahoo buyout Talks
Posted on Tue, 24 Jun 2008 23:55:10 CDT | by Luigi Lugmayr
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NEW YORK (Reuters) - Microsoft Corp is back in talks to buy out Yahoo Inc ,
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.
(Reporting by Kenneth Li; Editing by Andre Grenon)
© Copyright 2008 Reuters.
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Back to I4U News FrontpagePosted on Tue, 24 Jun 2008 23:55:10 CDT | by Luigi Lugmayr
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