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Yahoo Ends Talks With Microsoft, Embraces Google Instead
6/13/2008

Snydeq writes with a story from InfoWorld which says that "Yahoo has ended its talks with Microsoft and is instead nearing an agreement with Google. Yahoo's purported reason for break-in off the talks? That Microsoft was only rapt in buying power Yahoo's search business, not all of the company. 'Such a transaction would not be consentaneous with the company's view of the converging search and display marketplaces, would leave the company without an independent search work that it views as critical to its strategic future and would not be in the best interests of Yahoo stockholders,' the company said in a statement. The deal with Google allegedly involves Yahoo's search announcing business. The move likely will draw more ire from Icahn and may in fact remain part of the elaborate poker game between the two companies. Microsoft said this different transaction remains on the table and did not confirm that talks between it and Yahoo have concluded." Update: 06/12 23:58 GMT by T : CWmike writes "Just hours after saying it ended talks with Microsoft, Yahoo announced that it will start running announcing from Google close by Yahoo search results. Yahoo expects the deal, which has a 10-year term, to generate $250 million to $450 million in business expenses cash flow during the first 12 months."

Read more of this story at Slashdot.


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