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VIDEODeal or No Deal: Microsoft Still Eyeing Yahoo
By
Scott Reeves Mar 19, 2009 1:20 pm
Parties say partnership is still on the table.
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Last year, Yahoo co-founder Jerry Yang turned down a $47.5 billion takeover deal. But Microsoft still wants to cut a search deal to better compete with sector leader Google (GOOG).
“Unless I’m fooling myself, over time I would expect there’s a good opportunity for a deal,” Microsoft CEO Steve Ballmer said at the McGraw-Hill Media Summit in New York, according to Reuters.
Yahoo CEO Carol Bartz, who took over in January, has said every aspect of the company is under review in an effort to spur growth. She’s also open to discussions with Microsoft about a search partnership.
At a recent conference in San Francisco, Bartz said any negotiations between the 2 companies would be conducted in private.
Microsoft is a distant third in Internet search with about 8.5% of the market, trailing Google’s 60% share and Yahoo’s 21% share.
Meanwhile, Ballmer says Microsoft plans to continue making strategic acquisitions and may complete as many as 20 deals this year valued at $10 million to $500 million each.
Microsoft is developing a next-generation Internet search engine. If Internet chatter is to be believed, it’s called Kumo and is based on technology the software giant acquired when it bought Powerset last year for about $100 million.
No positions in stocks mentioned.
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