Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.
March 14, 2008 9:41 AM
Posted by Benjamin J. Romano
Adding credence to reports Thursday that Microsoft and Yahoo were in informal negotiations, The Wall Street Journal today reported that the talks took place Monday and that no investment bankers were present.
Additional details from the Journal, which relied on unnamed "people familiar with the matter":
-- It was the first meeting between the companies since Microsoft's Jan. 31 acquisition offer of $44.6 billion.
-- The subject of the meeting was Microsoft's "vision of a combined company." It wasn't a negotiation.
-- The meeting was near Yahoo's headquarters in Sunnyvale, Calif.
-- Several execs from each company attended, but the Journal couldn't confirm whether Microsoft CEO Steve Ballmer or Yahoo CEO Jerry Yang were present.
-- No more talks are scheduled.
As of mid-morning Friday, neither company had filed anything with the Securities and Exchange Commission indicating they had met. My request for comment on the reports Thursday went unanswered. I've renewed the request today.