Microsoft and Yahoo executives meet again

Logos Microsoft and Yahoo!Microsoft and Yahoo executives took another run at trying to ignite formal merger talks this week, but failed to kick it into gear, according to a report in The Wall Street Journal.

Apparently, Microsoft says no dice to raising its buyout bid and Yahoo remains hesitant to open its books without a bump up in price, according to sources cited in the Journal.

Although it's unclear which executives are doing the merger dance, the meeting was held near Yahoo's headquarters, the report states.

The parties last talked four weeks ago, marking the end of what had been six weeks of silence since Microsoft threw out its unsolicited buyout bid valued at $31 a share at the time.

Yahoo later rejected the offer, saying it undervalued the company.

But maybe Yahoo should have been sitting in on a presentation Thursday at Tulane University Law School by Mark Shafir, one of the top merger and acquisition chiefs at Lehman Brothers--an investment bank that is also representing Yahoo alongside Goldman Sachs as it sorts through its options.

According to the Journal's Deal Journal blog, Shafir had a few dire predictions about the state of large merger and acquisition deals.

"We don't see access to capital for large deals any time soon," Shafir is quoted saying in the report. "Credit is difficult even for the very well-heeled folks."

That may put a damper on white knight scenarios of an outright acquisition for Yahoo, outside of the Microsoft offer.

Shafir, according to the report, also noted that M&A deals are expected to skid to $2.7 trillion this year, compared with $4.2 trillion last year. And strategic buyouts, like the one Microsoft wants with Yahoo, are expected to plummet by approximately 30 percent.


Tags: Microsoft, Yahoo

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Consumer group recommends iPhone 8 over anniversary model
LTE connections wherever you go and instant waking should come to regular PCs, too
That fiction is slowly becoming a reality
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
Human moderators can help make YouTube a safer place for everyone
Google says Progressive Web Apps are the future of app-like webpages
All 2018 models to sport the 'notch'
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (4)