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Yahoo CEO: Best thing for Microsoft is to buy Yahoo

Posted on Friday, November 07 2008 @ 03:13:28 CET by


Yahoo CEO Jerry Yang said today that the best thing for Microsoft to do is to buy Yahoo:
Yang insisted it had been Microsoft (NASDAQ: MSFT) that "walked away" from talks while Yahoo -- widely described as being averse to an acquisition -- still wanted to negotiate.

He also said that buying Yahoo still makes sense for its onetime suitor.

"Today, I think the best thing for Microsoft to do is to buy Yahoo," he said. "Did we want to do a deal? Yes."

He added that he was willing to sell the company at the right price and that the two companies weren't far apart on terms.

Without being specific on price or the timeline, Yang said that as the negotiations dragged on and Microsoft backed off, Yahoo offered to be sold at a price Microsoft had suggested earlier, but was rejected.
Earlier this week Google scrapped an ad deal with Yahoo due to antitrust and privacy related issues.


 



 

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