In a presentation made at a Florida technology conference, Ballmer said a deal between Microsoft and Yahoo could "still make sense economically."More info at Business Week.
After that remark was reported, Yahoo shares soared by as much as 17 percent. The stock recently traded up $1.25, or 10.6 percent, at $13.
Earlier in the session, Yahoo's stock had sunk to a new $11.37 -- it's lowest price in more than 5 years and a fraction of the $33 per share that Ballmer previously offered for the Sunnyvale, Calif.-based company before withdrawing the bid in a disagreement over price with Yahoo CEO Jerry Yang.
Redmond, Wash.-based Microsoft sought to defuse Ballmer's comments with a statement that said the software maker "has no interest in acquiring Yahoo. There are no discussions between the two companies."
Steve Ballmer: Yahoo deal still makes sense
Posted on Friday, October 17 2008 @ 1:48 CEST by Thomas De Maesschalck