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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.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.