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Yahoo Seeks New Merger Deal with AOL : Hopes to Avoid Microsoft

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Yahoo Seeks New Merger Deal with AOL : Hopes to Avoid Microsoft

Now, that it’s barely a month to go before the Yahoo Shareholders meeting on August 1 when the fate of the current Yahoo board is at stake, it is but natural for the current board members to seek ways on how to convince the Yahoo shareholders to re-elect the current Yahoo Board.

Words on the streets (and we mean business streets) say that Yahoo has renewed its merger talks with Time Warner, on a possible integration of Yahoo and AOL. The said deal which didn’t materialize before, since Yahoo to wrestle out Microsoft’s buy-out bid, would apparently amount to $10 billion.

The renewed interest on the AOL merger was not only brought about by the approaching shareholders’ meeting but also apparently because Microsoft has also approached AOL in a futile attempt to launch a break up bid of Yahoo.

With the clock ticking away, it’s no wonder that Jerry Yang has reportedly spent the long weekend, seeking the advise of Wall Street broker Goldman Sachs on the best alternative that Mr. Yang could present during the annual meeting.

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Arnold Zafra

Arnold Zafra

Arnold Zafra writes daily on the announcements by Google, Ask.com, Yahoo & MSN along with how these announcements effect web ... [Read full bio]

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