Yahoo! rejects Microsoft search offer

by admin May 12, 2006 at 10:12 am

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.”

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