Yahoo is pulling another desperate stunt hoping to convince Microsoft its initial $41 billion bid. According to WSJ, Jerry Yangâ€™s empire and Time Warner have stepped up talks to provide an alternative to the looming hostile takeover.
The deal involves folding Time Warnerâ€™s AOL Internet unit into Yahoo and Time Warner will take a minority share in this combined forces. The said proposal is still in the works according to the mysterious people familiar with the situation.
However, analysts are not impressed with this renewed initiative and the majority believes that Microsoft will likely prevail in the end.
Originally posted on March 5, 2008 @ 9:04 am