SAN FRANCISCO (Reuters) - Senior executives from Microsoft Corp (MSFT.O) and Yahoo Inc (YHOO.O) met on Monday to discuss Microsoft's takeover bid for the company, according to two people familiar with the matter.
The meeting was said to be the first since Microsoft made its unsolicited offer for Yahoo, worth nearly $42 billion, on January 31. Yahoo rejected the offer as inadequate last month.
The meeting was not a negotiation and no bankers were present, said one of the sources, who was not authorized to speak about the matter and thus wanted to remain anonymous.
The meeting with Microsoft is part of the company's strategy to keep all its options open, the people familiar with the matter said.
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/14/AR2008031402079.html
Although it is said that News Corp's Rupert Murdoch will not fight Microsoft over Yahoo and that Time Warner has no intention in acquiring Yahoo, history has proven that nothing is done until its done, especially a company that is not satisfied in its current state - Yahoo. So one upside to this waiting game for Yahoo is that it could leave them with multiple options.
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