Yahoo is fighting to avoid being taken over by Microsoft. Here's the latest news:
Yahoo Nearing Deal to Combine With AOL
April 9 Yahoo! Inc., fending off Microsoft Corp.'s $44.6 billion acquisition offer, is close to striking an agreement to combine operations with Time Warner Inc.'s AOL unit, a person familiar with the situation said.
Yahoo would gain control of AOL and give Time Warner a 20 percent stake in the combined entity, said the person, who asked not to be identified because the talks aren't public. The cash from Time Warner would enable Yahoo to buy back billions of dollars of its own stock under the plan, the person said.
As part of its effort to thwart Microsoft's $31-a-share offer, Yahoo said today it is testing Google Inc.'s advertising technology on a limited number of search results. Yahoo rejected Microsoft's bid in February, saying it was too low. Last week, Microsoft threatened a proxy fight to take control of Yahoo's board.
``They're delay tactics,'' Laura Martin, an analyst at New York-based Soleil Securities Corp., said of Yahoo's actions. She rates Yahoo shares ``hold.'' ``They're just going to irritate Microsoft and accelerate a proxy fight.''
Time Warner spokesman Ed Adler declined to comment. Yahoo spokeswoman Diana Wong didn't immediately return a call for comment.
Yahoo, owner of the most-visited U.S. Web site, rose 7 cents to $27.77 at 4 p.m. New York time on the Nasdaq Stock Market. After jumping 48 percent on Feb. 1, the day after Microsoft's bid, the stock has declined 2.1 percent.
Time Warner fell 30 cents to $14.43 in New York Stock Exchange composite trading. The shares have declined 13 percent this year.
Separately, the New York Times reported that News Corp. is in talks to join Microsoft's bid for Yahoo, citing people involved in the discussions. The deal would combine Yahoo, Microsoft's MSN and News Corp.'s MySpace, the newspaper said.
Yahoo Nearing Deal to Combine With AOL
April 9 Yahoo! Inc., fending off Microsoft Corp.'s $44.6 billion acquisition offer, is close to striking an agreement to combine operations with Time Warner Inc.'s AOL unit, a person familiar with the situation said.
Yahoo would gain control of AOL and give Time Warner a 20 percent stake in the combined entity, said the person, who asked not to be identified because the talks aren't public. The cash from Time Warner would enable Yahoo to buy back billions of dollars of its own stock under the plan, the person said.
As part of its effort to thwart Microsoft's $31-a-share offer, Yahoo said today it is testing Google Inc.'s advertising technology on a limited number of search results. Yahoo rejected Microsoft's bid in February, saying it was too low. Last week, Microsoft threatened a proxy fight to take control of Yahoo's board.
``They're delay tactics,'' Laura Martin, an analyst at New York-based Soleil Securities Corp., said of Yahoo's actions. She rates Yahoo shares ``hold.'' ``They're just going to irritate Microsoft and accelerate a proxy fight.''
Time Warner spokesman Ed Adler declined to comment. Yahoo spokeswoman Diana Wong didn't immediately return a call for comment.
Yahoo, owner of the most-visited U.S. Web site, rose 7 cents to $27.77 at 4 p.m. New York time on the Nasdaq Stock Market. After jumping 48 percent on Feb. 1, the day after Microsoft's bid, the stock has declined 2.1 percent.
Time Warner fell 30 cents to $14.43 in New York Stock Exchange composite trading. The shares have declined 13 percent this year.
Separately, the New York Times reported that News Corp. is in talks to join Microsoft's bid for Yahoo, citing people involved in the discussions. The deal would combine Yahoo, Microsoft's MSN and News Corp.'s MySpace, the newspaper said.