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)

Usage of data services is decisive for 4G investments: LTE India 2016 May 6, 4:30 pm
New Delhi, May 6 (ANI-NewsVoir): With 5G looming over the horizon, the government is of the view that data services like 3G and 4G should be given out to the rural customers for a nominal charge.
Full Story
Now book 'Bharat Darshan' packages for Rs. 830 with IRCTC May 6, 3:51 pm
New Delhi, May 6 (ANI): Bookings are currently open for the Bharat Darshan Tourist Trains, a budget-friendly package created by the IRCTC with all-inclusive services on a dedicated tourist train, for domestic travellers who want to explore some of the country's most popular religious destinations.
Full Story
Jugnoo, Foodpanda tie-up for online food ordering, delivery May 6, 2:30 pm
New Delhi, May 6 (ANI): Jugnoo has partnered with Foodpanda, the leading online food ordering and delivery platform to engage its customers for feasible options of ordering food through Foodpanda, at discounted prices on the go and have it ready at their doorstep when they reach their destination.
Full Story
Narendra Modi to address USIBC's 41st 'Annual Leadership Summit' May 6, 12:50 pm
New Delhi, May 6 (ANI): The US-India Business Council (USIBC) announced that Prime Minister Narendra Modi will address its 41st Annual Leadership Summit in Washington DC.
Full Story
Comments