Tuesday, May 20, 2008
Microsoft has proposed to Yahoo a deal that involves Microsoft's buying the search business and taking a stake in Yahoo, while Yahoo would sell or spin off its Asian assets, including its stake in Alibaba Group, a Chinese internet company. The proposal is seen as an effort by Microsoft to kill Yahoo's search-related advertising deal with Google. Yahoo's reaction to the Microsoft proposal is described as "lukewarm." NYTimes, Details of Microsoft Offer to Yahoo; WSJ, Microsoft Sees Yahoo Being Split in New Offer.