Microsoft in on a $20 billion Yahoo search deal?

by on November 30, 2008

msfty Microsoft in on a $20 billion Yahoo search deal?

The London Times has an article this morning that is somewhat confirming what has been rumored for some time now. A possible deal of Microsoft and Yahoo! around the search assets only.

Software giant Microsoft is in talks to acquire Yahoo’s online search business for $20 billion (£13 billion).

The proposal forms the centrepiece of a complex transaction that would see Microsoft support a new management team to take control of Yahoo. But there is no intention of Microsoft tabling another takeover bid for the web giant, after its aborted $47.5 billion offer this summer.

It is thought that Jonathan Miller, ex-chairman and chief executive of AOL, and Ross Levinsohn, a former president of Fox Interactive Media, have been lined up to lead the new management team. Senior directors at Microsoft and Yahoo are understood to have agreed the broad terms of a deal, but there is no guarantee that it will succeed.

But then does Kara know more yet again…?

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– who has written 269 posts on LocallyType*.

Consultant at Valopex, Co-Founder Ypeas.com, Author & Speaker, ex Microsoft Bing Search Guy , ex Yahoo! Local & Maps / Answers, C64 Fanboy

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