Yahoo Close to Google Deal

 
 
By Reuters -  |  Posted 2008-06-12
 
 
 

SAN FRANCISCO (Reuters)-Yahoo Inc and Google Inc are close to reaching a search advertising deal, and talks between Yahoo and Microsoft Corp about a similar deal have fallen through, people familiar with the matter said on Thursday.

Talks between Microsoft and Yahoo concluded after Yahoo decided to pursue a deal with Google, one of the sources said.

Yahoo also asked Microsoft if it would renew its $33-a-share takeover offer for the Internet company, but Microsoft was not interested, another source said.

(Reporting by Anupreeta Das in San Francisco and Daisuke Wakabayashi in Seattle; editing by John Wallace)

??« Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

Rocket Fuel