Microsoft is considering a deal with Yahoo, but one that doesn't involve a full merger (maybe)
Curiouser and curiouser-- at least they're signaling that they're still interested: Microsoft is willing to talk to Yahoo again, but it sounds like it's testing the waters with talk of an alternative transaction, not a full merger, at least for now. But the merger door could still be open too as well.
Here's the text of the Microsoft statement from the company's press release:
Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business.
REDMOND, Wash. — May 18, 2008 — Microsoft Corp. today issued the following statement:
“In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business. Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo! Microsoft is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties.
“There of course can be no assurance that any transaction will result from these discussions.”
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