Microsoft is set to challenge Google again. Microsoft Corp. said that it has made a new, downsized offer to cooperate with Yahoo while leaving the door open to a merger down the road.
Details of the proposal were vague. But the offer raises the possibility of everything from buying a part of Yahoo to an advertising partnership in which Microsoft would place its ads on Yahoo.
Another potential is a joint venture in search, an area where the two companies have lagged far behind industry dominator Google Inc.
The announcement comes on the heels of Yahoo shareholder and billionaire investor Carl Icahn launching a proxy fight to wrest control of the Yahoo board at the upcoming July three annual shareholders meeting.
Microsoft withdrew its unsolicited USD 33-a-share buyout bid on May three, after the two sides failed to agree on a price.
Icahn has called the Yahoo board's decision to reject Microsoft offer as irrational and wants to force Yahoo to return to the bargaining table with Microsoft.
Monday, May 19, 2008
Microsoft considers fresh Yahoo deal
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