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Microsoft, Yahoo coy as reports of new search deal surface
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Written by Daniel   
Monday, 01 December 2008 11:37
Microsoft, Yahoo coy as reports of new search deal surface

By Jacqui Cheng | Published: December 01, 2008 - 11:24AM CT

After the messy breakup between Microsoft and Yahoo, most observers never expected the two to get back together. But after a brief rebound fling with Google that eventually went sour, it seems as if Yahoo has been driven back into the comforting arms of Microsoft—at least according to the latest rumors. Over the weekend, news leaked that Microsoft was in new talks to buy Yahoo's search business for $20 billion, but the two companies aren't ready to discuss any possible deal just yet.

 

Sources speaking to The Sunday Times claimed over the weekend that Microsoft was working on a deal to acquire Yahoo's search business and infuse it with new management, headed up by former AOL CEO Jonathan Miller and former Fox Interactive Media president Ross Levinsohn. Supposedly, Microsoft would get a 10-year operating agreement to manage the search business with a two-year call option to buy it for $20 billion. Yahoo would retain control of its other services, such as e-mail, IM, and other content services. According to the report, senior directors at both Microsoft and Yahoo already agreed to "broad terms," but a final deal had yet to be nailed down. [ARS Technica...]   [Comments...]

 
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