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)

Qantas suffers biggest annual loss of 2.8 billion dollars Aug 28, 5:10 pm
London, Aug 28 (ANI): Australia's national flag carrier Qantas has reportedly suffered its biggest annual loss of 2.8 billion Australian dollars till June this year.
Full Story
New BMW X3 debuts in India Aug 28, 5:10 pm
Noida (Uttar Pradesh), Aug.28 (ANI): A paragon of sporty dynamics, premium ambience and robust agility, the new BMW X3 was launched today at Deutsche Motoren, the BMW dealership in Noida.
Full Story
Embattled Malaysian Airlines opt for giveaways to win back trust Aug 28, 4:10 pm
Sydney, Aug. 28 (ANI): In order to stay afloat from a business point of view, a struggling Malaysian Airlines has opted to cut-price flights and giveaways in order to win back the trust of its customers and crew who have deserted the airline.
Full Story
Expenditure on digital ads to surpass TV in U.S. by 2017: Magna Global Aug 27, 3:34 pm
Washington, Aug 27 (ANI): Expenditure on digital advertising would exceed Television ad spending in the United States in 2017, predicts Magna Global in its recent forecast on Tuesday.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY