Yahoo! rejects Microsoft search offer
Gates has ‘ice cube’s chance in hell’ of beating Google, says CEO
Yahoo! CEO Terry Semel has revealed he recently rebuffed Microsoft’s attempt to bag a stake in the company.
Although the Yahoo! boss didn’t confirm what form the speculated overtures took, he slapped down the idea Yahoo! would be willing to let Microsoft take a stake in the company.
According to a report in the Financial Times, Semel said: “Microsoft taking over Yahoo! – that conversation has never come up.”
He added: “[We discussed] search, and Microsoft co-owning some of our search. I will not sell a piece of search – it is like selling your right arm while keeping your left; it does not make any sense.”
Full story: silicon.com