Microsoft and Yahoo discussed a possible merger.
The news last week was Microsoft is looking to acquire Yahoo for $50 billion.
Is it true some sources say?
Do the WSJ’s unnamed sources really trump the NY Post’s unnamed sources? So suggests popular blogosphere consensus.
Some are even calling for the NY Post’s head!
Briar Dudley’s blog, The Seattle Times:
The New York Post owes everyone a good follow-up story. You can’t just drop a bombshell that jerks around 80,000 Microsoft and Yahoo! employees, rocks Wall Street and then fizzles before the day is over.
The Post should investigate — and report — whether its anonymous investment banker sources made any money off the huge run in YHOO caused by its story. If the Post doesn’t do this, the SEC might. We don’t need any more reporter subpoenas.
At the very least, the Post needs to go back to its sources and clarify if and when Microsoft and Yahoo! ended their latest round of merger discussions.
Yahoo shares surged following published reports Friday that Microsoft Corp. is resuming its pursuit of Yahoo Inc. in an attempt to better compete with Web search and advertising leader Google Inc. (MSNBC.com is a joint venture of Microsoft and NBC Universal.)
Both companies declined comment on the reports, each of which cited unidentified people familiar with the situation.
May 7, 2007 – 9:39AM
Shares of Yahoo Inc soared as much as 19 per cent to their highest level in nearly a year after two newspaper reports said the company and Microsoft Corp were in preliminary merger talks to take on common foe Google Inc.
But the stock pulled back after contradictory reports said the two companies may work out a joint venture or another form of cooperation that would stop short of a full merger. A source close to the situation confirmed that any talks had cooled.
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