Yahoo Inc rose in German trading after the Wall Street Journal said Microsoft Corp approached media companies about teaming up for a deal that would lead to a breakup of the Internet company.
Yahoo shares added 3.5 percent to the equivalent of US$20.90 as of 9:06am in Frankfurt from the close of US$20.20 in US trading on Tuesday. Microsoft talked with Time Warner Inc, News Corp and others, the newspaper said, citing people familiar with the negotiations.
The talks may be preliminary and may not lead to a deal with Yahoo, the newspaper said.
Yahoo ended talks about a combination with Microsoft last month.
After Microsoft’s initial bid in January, Yahoo explored alternatives, which included talks in February with Rupert Murdoch’s News Corp, a person with knowledge of the discussions said at the time.
Murdoch said in March he wouldn’t challenge Microsoft’s attempt to purchase Yahoo.
“I’m not surprised that these talks are going on,” said Victor Yip, a technology analyst at UOB-Kay Hian Ltd in Hong Kong. “Companies like Microsoft that are cash rich are always thinking about how they can increase market share or increase revenue. They obviously see some synergies there.”
Previously, the Redmond, Washington-based software company suggested an arrangement where it would buy Yahoo’s search operations, the Journal said.
Another company, such as Time Warner’s AOL or News Corp’s MySpace, would combine with the rest of Yahoo, the newspaper said. News Corp owns the Wall Street Journal.
Microsoft representatives also met investor Carl Icahn, who is seeking to gain control of Yahoo’s board, to encourage him in his proxy battle, the newspaper reported.
LONG FLIGHT: The jets would be flown by US pilots, with Taiwanese copilots in the two-seat F-16D variant to help familiarize them with the aircraft, the source said The US is expected to fly 10 Lockheed Martin F-16C/D Block 70/72 jets to Taiwan over the coming months to fulfill a long-awaited order of 66 aircraft, a defense official said yesterday. Word that the first batch of the jets would be delivered soon was welcome news to Taiwan, which has become concerned about delays in the delivery of US arms amid rising military tensions with China. Speaking on condition of anonymity, the official said the initial tranche of the nation’s F-16s are rolling off assembly lines in the US and would be flown under their own power to Taiwan by way
OBJECTS AT SEA: Satellites with synthetic-aperture radar could aid in the detection of small Chinese boats attempting to illegally enter Taiwan, the space agency head said Taiwan aims to send the nation’s first low Earth orbit (LEO) satellite into space in 2027, while the first Formosat-8 and Formosat-9 spacecraft are to be launched in October and 2028 respectively, the National Science and Technology Council said yesterday. The council laid out its space development plan in a report reviewed by members of the legislature’s Education and Culture Committee. Six LEO satellites would be produced in the initial phase, with the first one, the B5G-1A, scheduled to be launched in 2027, the council said in the report. Regarding the second satellite, the B5G-1B, the government plans to work with private contractors
‘NARWHAL’: The indigenous submarine completed its harbor acceptance test recently and is now under heavy guard as it undergoes tests in open waters, a source said The Hai Kun (海鯤), the nation’s first indigenous defense submarine, yesterday began sea trials, sailing out of the Port of Kaohsiung, a military source said. Also known as the “Narwhal,” the vessel departed from CSBC Corp, Taiwan’s (台灣國際造船) shipyard at about 8am, where it had been docked. More than 10 technicians and military personnel were on deck, with several others standing atop the sail. After recently completing its harbor acceptance test, the vessel has started a series of sea-based trials, including tests of its propulsion and navigational systems, while partially surfaced, the source said. The Hai Kun underwent tests in the port from
New Taipei City prosecutors yesterday indicted nine entertainers over their alleged connection to a fraud ring that produces falsified documents to help people evade military service, including actor Darren Wang (王大陸) and show host William Liao (廖威廉). Twenty-eight people were charged with contravening the Punishment for Violation of Military Service System Act (妨害兵役治罪條例) and Article 214 of the Criminal Code for “causing a public official to make a false entry in a public document.” Prosecutors alleged the fraud ring was ran by a man, Chen Chih-ming (陳志明), and his three assistants, and that they were paid to help people dodge compulsory
RSS