Register

To become a member of ITProPortal Register here.

Already a member? Login here

Please register below. All we need is a valid email address and a password.

Please use a real email address as we need to email you to confirm your account.
Must be at least 6 characters long.

Benefits of joining ITProPortal:

  • Unlimited Access to Special Reports and White Papers
  • Exclusive offers and discounts
  • Free entry to all competitions
  • Access to beta sections of ITProPortal.com

Login to your account



Forgot your password?


Analysis : Yahoo Shares Slide As Microsoft Search Deal Rumours Evaporate

Analysis : Yahoo Shares Slide As Microsoft Search Deal Rumours Evaporate
  • Digg del.icio.us reddit Facebook

The Sunday Times's announcement of Microsoft resurgent interest in acquiring Yahoo's search business was understandably met with skepticism leaving some, like popular Tech blogger Michael Arrington from Techcrunch.com, to say that The Times had been tricked (or to use his word, pwnd).

The main issue with the Sunday Times story is that it was not corroborated by other sources. Instead, Yahoo's focus is currently to look for another CEO right now and as Arrington puts it, nothing else. 

And to add insult to injury, both Ross Levinsohn and Jonathan Miller, who were mentioned by the Sunday Times, have publicly refuted - through All Things Digital and Techcrunch - any links that they might have with a new management team. 

Microsoft has yet to come forth with an official denial of any further interest and issued a "no comments", while Brad Williams, a Yahoo spokesperson said, "We don't comment on rumors, and all this is a rumor". 

And while the integrity of The Times, a 223-year old newspaper, might not be harmed in the long term, it would be interesting to know whether News Corp, the company which owns the Times and potential bidder in Yahoo, could have (loosely) had something to do with it.

Ed : Something is causing Yahoo's shares to spike.. Currently up by 7.17 percent after being down by 6.69 percent.

Desire Athow

Posted by Desire Athow on 01 Dec. 2008

Désiré Athow is the Content Editor for ITProportal.com and has been writing tech articles for nearly a decade. You can follow him on Twitter.

Tags: Microsoft, mergers and acquisitions, yahoo