Report: Yahoo investor urges Microsoft search deal
A major Yahoo shareholder is reportedly pushing for the company to renew discussion with Microsoft for a deal over its search business, CNBC reported Wednesday.
Ivory Investment Management, a hedge fund based in Los Angeles that owns 1.5 percent of Yahoo, is expected to release a letter Wednesday outlining its plan, which could result in as much as $15 billion from Microsoft, CNBC said.
Officials from Ivory could not immediately be reached for comment.
The Microsoft-Yahoo saga has been a long one. Last month, Microsoft CEO Steve Ballmer finally said that the company was "done with all acquisition discussions with Yahoo," though rumors of a search deal continued.
Earlier this year, Yahoo and Google announced a search deal, but that was later called off. The whole debacle was widely considered to have cost Yahoo CEO Jerry Yang his job.
Margaret is news editor for CNET News, based in the Boston bureau. She also oversees the CNET Blog Network. E-mail Margaret.
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by theantibush
December 10, 2008 10:37 AM PST
- "Yahoo investor urges Microsoft search deal" and for good reason: the investor knows a dog when he sees one.
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(3 Comments)Well, friend, search is obsolete...it will be nothing more than a built-in feature of a cloud desktop...and who has the most goodies for such desktop...one-trick ponies like Yahoo and Google or full-spectrum vendors like MS?
Search in its present form is obsolete, and Microsoft realizes it. Jerry, in his roundabout way, saved MS from real self-inflicted destruction, and as consequence has billions for cloud technology that it would not have had if Ballmer, who axed search at MS prior to Google's rise, had his way with the original Yahoo deal.
Buy at the firesale, if at all. It belongs to a past era.
Personally, I wouldn't touch Yahoo at any price.