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Wall Street Breakfast: Must-Know News
Posted on May 19, 2008
On again. Microsoft (MSFT) is back at the table with Yahoo (YHOO). It won't say exactly what the non-acquisitional transaction it proposes is, but that it reserves the right to reconsider a full-blown bid. Media reports speculate the current proposal relates to contextual search ads, and is an attempt to derail a proposed Yahoo/Google (GOOG) JV. Yahoo issued its own statement, saying it will consider all options, including any Microsoft proposal. Yahoo gained 3% in Germany. Separately, Microsoft said it will discuss a major new search engine initiative on May 21, and will make changes ...
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