Reports: Microsoft and Yahoo try to work it out
InfoWorld | at | by Mike
Microsoft and Yahoo have turned a corner and are finally negotiating in earnest about their possible merger, although a deal is far from imminent, according to media reports.
In anonymously sourced stories published online midafternoon Friday, both The New York Times and The Wall Street Journal reported that talks between the companies have suddenly gathered steam.
It has been three months since Microsoft announced its cash-and-stock bid for Yahoo, valued then at $44.6 billion but now worth about $42 billion because Microsoft's stock has lost value.