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)
