Microsoft CEO: Yahoo! Deal Still Makes Sense
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SAN FRANCISCO -- Microsoft(MSFT Quote) Chief Executive Steve Ballmer revived talk of acquiring Yahoo!(symbol Quote), according to reports of comments he made Thursday.
Speaking at a Gartner technology conference in Florida, Ballmer reportedly said an acquisition of Yahoo! could still "make sense economically" for shareholders of both companies, according to Marketwatch.
Yet Ballmer indicated pessimism that Yahoo! would accept a realistic offer based on its current share price. Along with the broader market, Yahoo! shares have fallen 55% to close at $11.75 Wednesday since rebuffing Ballmer's offer of $33 a share in June.
Following Ballmer's comments, Microsoft sought to quell speculation that it will make a move on Yahoo!. The company issued a statement, saying "Our position hasn't changed. Microsoft has no interest in acquiring Yahoo!; there are no discussions between the companies." ...
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