Microsoft And Yahoo Merger Still On The Table?

Microsoft has clarified that it currently has no interest in acquiring Yahoo and no discussions regarding the same are going on between the two companies.

The clarification from Microsoft came close on heels of its CEO Steve Ballmer expressing in a tech research conference that a deal with Yahoo would have made sense for shareholders of both Microsoft and Yahoo.

Ballmer had gone on to remark that “We offered $33 bucks (for Yahoo) and it's $11 today. It's clear Yahoo didn’t want to sell. They probably still think it's worth more than $33 a share”

The statements from Ballmer led to an increase in the Yahoo’s Stock price as many started to speculate on the comments.

Meanwhile Yahoo has declined to comment on Ballmer’s statement even though its shareholders are hoping that Microsoft may return to the negotiating table.

The statement from Microsoft is seen as an attempt to clear the air and set the speculations at rest.