Microsoft and Yahoo resume talks
Looks like Microsoft might be back on the hunt for some Yahoo.
According to a statement released by Microsoft today, they are “considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo! Microsoft is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties.”
In case you’re just skimming, Microsoft isn’t making a bid for Yahoo but isn’t ruling out making a bid. For now they’re just looking to grow their online services and advertising business.
Check out the full press release here if you’re interested.