Yahoo Chief Executive Jerry Yang says Microsoft just isn’t interested in a full merger these days.
His comments, his most extensive to date on the Microsoft merger drama, back up what had been the talk around town — that chances of a full-fledged merger between the two had dimmed considerably. Yang, however, did signal his company remained open to a potential deal.
“We did not walk away from that proposal. Microsoft did,” Yang said during an on-stage interview at the D: All Things Digital conference.
“Microsoft is no longer interested in buying the company, and we are talking about other things. We definitely have to understand what they’re proposing…they clearly have an interest in Yahoo, and we need to understand more,” Yang said.
A source familiar with the situation said last week that Microsoft has proposed buying Yahoo’s search business and taking a minority stake in the Web pioneer, but has stopped stopping short of reinitiating full merger negotiations.