Microsoft and Yahoo Met to Discuss Merger: ReportBy Reuters - | Posted 2008-03-14 Email Print
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Microsoft, as reported by the Wall Street Journal, presented its vision for a combined company to Yahoo earlier this week.
NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc met on Monday to discuss Microsoft's takeover offer for the Internet company, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The meeting was said to be the first since Microsoft made its unsolicited offer for Yahoo, worth nearly $42 billion, on January 31. Yahoo rejected the offer as inadequate last month.
The Journal said the meeting wasn't a negotiation and that no bankers were present.
The session was intended to allow Microsoft to present its vision of a combined company, and Yahoo executives mostly listened, the Journal quoted one of the sources as saying.
Microsoft and Yahoo spokesmen declined to comment.
(Reporting by Eric Auchard in San Francisco, Daisuke Wakabayashi in Seattle, and Yinka Adegoke, editing by Jacqueline Wong)