Senior executives of Microsoft and Yahoo met this week to discuss Microsoft's bid to acquire Yahoo, but could not reach agreement on the deal, according to a Friday's Wall Street Journal.
According to the report, the meeting occurred near Yahoo headquarters in Sunnyvale, Calif. The companies also reportedly met to discuss Microsoft's proposal on March 14.
The sources told the Journal that neither meeting included bankers.
Both Yahoo and Microsoft declined to comment on the report today.
[ Read continuing coverage of Microsoft bid to take over Yahoo in InfoWorld's special report. ]
The sources told the Journal that Microsoft executives did not raise their offer, and that Yahoo executives refused to enter formal negotiations without an increased offer.
Microsoft's bid was initially worth $44.6 billion, however a decline in the price of Microsoft's shares reduced the offer to about $42 billion.
Yahoo rejected Microsoft's offer on Feb. 10, saying it undervalued the company. The sources told the Journal that Yahoo's executives see no point in holding talks based on that offer.
Computerworld is an InfoWorld affiliate.
Get the independent advice and expertise you need to support a virtual workforce.
The increase in Linux popularity has increased the frequency and sophistication of malware attacks. Read this 2 page white paper now to learn how you can protect your Linux environment with real-time protection that is certified by all major Linux vendors.
Download now »
Ensuring acceptable application delivery will become even more difficult over the next few years. As a result, IT organizations need to ensure that the approach that they take to resolving the current application delivery challenges can scale to support the emerging challenges. This handbook elaborates on the key tasks associated with planning, optimization, management and control and provides decision criteria to help IT organizations choose appropriate solutions.
Download now »
A common misconception is that mid-range storage requirements are dramatically different than that of a larger enterprise. Mid-range storage users may require less capacity, but they have similar functionality and management requirements. This ESG paper examines mid-range storage needs and reviews a new solution that adjusts size while retaining value, performance and functionality.
Download now »
Sign up to receive Business Resource Alerts
Recommend This
