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)

Tata Motors sales for August 2015 at 40,680 units Sep 1, 6:57 pm
Mumbai, Sep.1 (ANI): Tata Motors continued to witness strong year-on-year growth in certain key segments in August 2015, with passenger cars (excluding UV's), M and HCV and Exports, growing by 19 percent, 31 percent and 16 percent, respectively.
Full Story
Talegaon facility celebrates build of first Chevrolet Beat for Mexican consumers Sep 1, 6:27 pm
New Delhi, Sep.1 (ANI): General Motors India today announced the rollout of the first Chevrolet Beat for export to Mexico.
Full Story
FICCI, BEE to host PAT workshop in Delhi Sep 1, 6:09 pm
New Delhi, Sep.1 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the Bureau of Energy Efficiency (BEE), is organising a workshop on the review of PAT (Perform, Achieve and Trade) Cycle I with the theme "Learnings and Way Forward on Wednesday.
Full Story
Medical devices makers seek regulatory clarity Sep 1, 6:09 pm
New Delhi, Sep.1 (ANI): Industry leaders participating in a session on the 'Make in India' initiative at the FICCI Heal 2015 conference have called upon the Government to take strong measures to drive the consumption of medical devices in the country, bring clarity to regulatory policy, correct the inverted import duty structure and provide fiscal incentives to give the domestic manufacture of medical devices a strong impetus for growth and turn India into a global innovation hub for medical technology.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY