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)

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