13 06 2008

Talks between Yahoo and Microsoft have ended with the two companies unable to reach a deal, Yahoo said in a news release on Thursday.  Yahoo is now close to an alternative search advertising partnership with its rival Google, which could be announced as early as Thursday, a person with knowledge of the discussions said. Such a deal could help Yahoo increase revenue.

Yahoo’s independent directors, including the chairman, Roy J. Bostock, met with Microsoft executives on June 8, Yahoo said. At that meeting, Microsoft said “unequivocally” that it was no longer interested in buying Yahoo even at the price previously offered, the release said. Microsoft had offered to buy Yahoo for $33 a share, or $47.5 billion in early May.

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