New Microsoft Deal Hits Yahoo's Table, Google Bosses in Panic Huddle

20 May 2008

SUNNYVALE, California: Yahoo's board is reportedly no more enthusiastic at Microsoft's third proffered deal than its first and second. According to insiders, it's unlikely to be third time lucky for the Redmond colossus

The latest proposal is that Microsoft would acquire Yahoo's search-advertising business plus its Asian assets, plus a minority stake in what's left of the company.

The latest proposal, it seems, has not been committed to writing, while there is no mention of anything as vulgar as money.

Despite reports of its ho-hum initial reaction to the latest soundings from Redmond, Yahoo's board will evaluate the Microsoft proposal, already the subject of discussion by both sides' bankers.

  • Meantime, details of the latest offer reached the ears on Monday of Google's ruling triumvirate, currently hosting the company's Zeitgeist conference in Hertfordshire UK.

    Ceo Eric Schmidt told the press that following the session he and the firm's founding duo – Sergey Brin and Larry Page – would go into a huddle. "After this press conference the three of us will meet and decide what our response is."

    As of 0800 Tuesday, that response remains unknown as nobody, nowhere, no-how was returning calls from a clamoring press corps.

  • Data sourced from Wall Street Journal Online and The Times (UK); additional content by WARC staff