Yahoo! and Microsoft start a new dance

Filed under: Business, Internet, News, Microsoft, Yahoo!

Yahoo! and Microsoft start a new dance

by Brad Linder May 19th 2008

Well, it's official. The Microsoft/Yahoo! deal that wouldn't die isn't dead yet. While Microsoft formally withdrew its buyout offer for Yahoo! a few weeks ago, last night the company issued a statement saying that it still had designs on Yahoo! Whether that means the buyout of just a portion of Yahoo!'s business or some sort of strategic partnership remains unclear.

What is clear is that Yahoo! is listening. The company has issued a statement in response to Microsoft's statement. (It's the 21st century of "have your people talk to my people"). In a nutshell, here's what Yahoo! has to say: Please don't buy our whole company, but we're not opposed to some other sort of a deal, especially one that would get our angry stockholders off our backs.

Translation: We've got to do something to get our stock prices back up, and if you can't offer us something worthwhile, we might have to go ahead and partner with Google instead.

[via Techmeme]

Tags: microsoft, partnership, yahoo

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