Microsoft trying to buy Yahoo for second time?

   Nov 24, 11:08 am

London, Nov 24 (ANI): Software giant Microsoft is reportedly trying to buy Yahoo for a second time after it signed a confidentiality agreement with the embattled Internet firm.

The two companies are reported to have inked an agreement that will give Microsoft some access to Yahoo's books.

Microsoft joins a number of private equity companies in signing such accords as the embattled board of Yahoo tries to work out the future for the company.

Speculation on Microsoft's interest in Yahoo has so far focused on it being part of a consortium of potential bidders or helping to finance a bid, the Telegraph reports.

Steve Ballmer, Microsoft's chief executive, offered nearly 50 billion dollars for Yahoo in February 2008, but was rebuffed by the company's board.

According to an earlier report, the software firm's bid failed that time because Yahoo founder Jerry Yang believed the offer undervalued the company.

The two companies have since signed a deal to co-operate on search, where Microsoft is trying to develop its service Bing to wrestle the market share from Google. (ANI)

Govt. hopes to reduce fiscal deficit to 4.1 percent for 2014-15: Jaitley Jul 10, 2:43 pm
New Delhi, July 10 (ANI): Finance Minister Arun Jaitley on Thursday announced that the NDA Government would set itself a target of limiting the fiscal deficit for 2014-15 to 4.1 per cent, and would further attempt to reduce it to 3.6 per cent and 3 per cent for fiscal 2015-16 and fiscal 2016-17 respectively.
Full Story
Government committed to 'housing for all' by 2022, says Jaitley Jul 10, 2:43 pm
New Delhi, July 10 (ANI): The NDA Government is committed to have housing for all by 2022, by extending additional tax incentive on home loans to encourage people, especially the young, to own houses. It has also proposed to set up a Mission on Low Cost Affordable Housing to be anchored in the National Housing Bank.
Full Story
Government to spend Rs. 50K crore for development of urban areas Jul 10, 2:43 pm
New Delhi, July 10 (ANI): Union Finance Minister Arun Jaitley, while presenting his maiden budget in the Lok Sabha today, announced that the NDA Government would majorly focus on providing good infrastructure, including public transport, solid waste disposal, sewerage treatment and drinking water in urban areas.
Full Story
Highlights of Union Budget 2014 (Part-VI) Jul 10, 1:18 pm
New Delhi, July 10 (ANI): Finance Minister Arun Jaitley on Thursday presented the Union Budget for fiscal 2014-15 in the Lok Sabha.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY