Microsoft confirmed on Monday that it would be interested in resuming talks with Yahoo to either buy its search business, or the entire company, on the assumption that there is a new board of directors for it to work with. This comes as an implicit endorsement of billionaire investor Carl Icahn's attempts to push a new board lineup through.
If anyone else still has doubts as to where Microsoft thinks the fault lies, the company remarked on the earlier impasse in talks with its current board, saying in a statement, "Despite working since January 31 of this year...we have concluded that we cannot reach an agreement with them." Apparently, CEO Steve Ballmer also was worried that even had an agreement been reached a couple of months earlier, the current board could mismanage the company in the midst of gaining regulatory approval. Such a scenario would have jeopardized the value of Microsoft's investment.
To read up more on Microsoft and Yahoo:
- check out this Network World article [1]
Links:
[1] http://www.networkworld.com/news/2008/070708-microsoft-says-it-would-deal.html