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Microsoft Corp is preparing a new bid for Yahoo Inc’s search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo’s breakup, the Wall Street Journal said.
Microsoft has already held talks with Time Warner Inc and News Corp, among others.
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Microsoft Corp. has yet to convince Yahoo Inc. to agree to a friendly takeover, but the software company is already hiring lobbyists to help it convince regulators to let the deal — hostile if it has to be — go through.
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Now we know it wasn’t just a rumor all these months. Microsoft (MSFT) has been seriously thinking about swallowing up Yahoo (YHOO) since way back in 2006. In what would be by far its largest acquisition ever
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SEATTLE (Reuters) – Yahoo Inc (NasdaqGS:YHOO – News) said it may take “quite a bit of time” to weigh its strategic options, including keeping the company independent, following Microsoft Corp’s (NasdaqGS:MSFT – News) $45 billion offer to buy the company.
In a weekend posting on the company’s Web site, Yahoo said …