Report: Yahoo to Re-Open Merger Talks with AOL
Dulles, Va. - After rejecting Microsoft's (NASD: MSFT) unsolicited $46 billion takeover bid on Monday, Yahoo (NASD: YHOO) is considering restarting merger talks with AOL (NYSE: TWX), the Times of London reported. The company, attempting to stave off a hostile takeover, also reportedly is exploring possible deals with Google (NASD: GOOG) and Disney (NYSE: DIS).
Microsoft now could choose to boost its $31-per-share offer or launch a proxy fight for control of Yahoo's board.
The Times reported that although previous merger talks between Yahoo and AOL broke down because of "differences over price," those talks could once again resurface because of the "urgency created by an unwelcome approach from Microsoft and an impending economic downturn."
Story
merging with AOL will definitely make you look less attractive.
