Microsoft and Yahoo discuss takeover: Will it happen
Filed under: Business, Microsoft News, News | By: Peter Chubb
Posted on: March 14, 2008 | 1 Comment
It is well known that Microsoft wish to purchase Yahoo, however the first stab at buying Yahoo did not go well for Microsoft. Since then both companies have met again over the possibility of a Microsoft takeover. As I mentioned above, Microsoft tried to make an unsolicited offer for the sum of $42 billion, one that Yahoo rejected.
The meeting between Microsoft and Yahoo, the second and third biggest search engine companies did not sit down to discuss money. Instead they wanted to meet so that they could discuss what Microsoft wanted to do with Yahoo if they did accept an offer.
Nothing else is known about the outcome of the meeting. Do you think that this takeover will ever happen?
Source - Reuters
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This is a bad sign. Yahoo is mixed up with ATT. This could lead to even a greater monopoly thant what now exists in communications. This could have world wide effects that are not good for the general public including multimillionaires out there.