 | | Microsoft, Yahoo may begin acquisition talks again |
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U.S. software giant Microsoft and major Internet search engine Yahoo may begin new talks about Microsoft's proposal to buy out the Internet company or at least take over its online search business, according to a report Tuesday.
Silicon Valley blog website TechCrunch, citing multiple sources from both companies, said official talks are back between Microsoft and Yahoo, and Microsoft is talking a price lower than what it offered earlier to Yahoo.
Earlier in the day, Yahoo shares jumped as much as 5 percent in the NASDAQ stock market following media reports that the company is supposedly once again in discussions about some kind of acquisition by Microsoft. Both companies declined to comment on those reports.
According to a report by technology news website CNet.com Monday, Microsoft has signaled a willingness to sweeten its bid specifically for Yahoo's search business, and Yahoo's board of directors has in turn signaled a willingness to entertain such an offer.
Microsoft made a unsolicited offer to buy Yahoo for 44.6 billion dollars in February, but the companies broke off official talks last month after Yahoo insisted that the price was too low.
Yahoo later announced a partnership on search advertising with rival Google, but its stock price has been on the decline since Microsoft withdrew its acquisition bid.
Source: Xinhua
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