Twitter Holds Merger Talks With Yahoo
Executives from the sinking micro-blogging website Twitter have met Yahoo CEO Marissa Mayer to speak about merger possibilities, the media suggested.
at the management meeting, Twitter and Yahoo executives spent numerous hours hashing out Yahoo’s financials and whether a strategic combination would possibly make experience, a source close to the talks instructed the ny publish on Friday.
“Twitter is the destination for instant news and Yahoo has quite a few eyeballs on its web page. The concept is not as crazy as you would possibly assume,” the supply become quoted as announcing.
in line with the file, Twitter appeared specifically interested by taking statistics out of Yahoo and it bowed out of the bidding process soon. Twitter CEO Dorsey did no longer show up for the Yahoo meeting.
“whilst your CEO does now not show up for a management meeting, you need to surprise how severe it turned into,” the supply stated, including that Twitter’s interest became now not driven with the aid of “a few large thesis – it became a flyer”.
meanwhile, a Twitter spokesperson has stated that the agency does now not touch upon rumour and hypothesis.
Yahoo officers declined to comment.
2d-spherical bids for Yahoo’s core net enterprise are due early next week with telecom massive Verizon nevertheless seen as leading the p.c..