Microsoft To Indirectly Take Control Over Yahoo Search?

Posted: Nov 29 2008, 10:03pm CST | by , Updated: Aug 11 2010, 12:00pm CDT, in News | Other Stuff

 
Microsoft to indirectly take Control over Yahoo Search?
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The Microsoft Yahoo story apparently gets a new twist according to the Times Online.
The Times reports that Jonathan Miller, ex-chairman and chief executive of AOL, and Ross Levinsohn, a former president of Fox Interactive Media would become the new Yahoo management team after Jerry Yang stepped down.
Microsoft would provide $5 billion to the management duo and they would raise another $5 billion to take control of 30% of YahooMicrosoft would obtain a 10 year operating agreement to manage the Yahoo search business as part of the deal and a call option to buy the Yahoo search business for $20 billion.
Sounds all very complicated, but the The Sunday Times tells that story. More details on the Times Online.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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