March 18, 2008

Microsoft Pitches Merger Vision to Yahoo at Meeting

Senior executives from Microsoft Corp. and Yahoo Inc. met Monday to discuss Microsoft's takeover offer for the Internet company, according to people familiar with the matter. Still, the meeting wasn't a negotiation, and no bankers attended, these people said. The session was intended to allow Microsoft to present its vision of a combined company, and Yahoo executives mostly listened, one of the people said. No further talks have been scheduled. (Wall Street Journal, AP)