Twitter Yahoo! Merger Seems to be More of Speculation than Possibility
Reportedly, for a brief period Twitter and Yahoo were in talks for a merger. The senior Twitter staff met Yahoo Marissa Mayer, Yahoo's CEO to talk about a possible deal. However, absence of Jack Dorsey, Twitter's CEO in the discussions raises a question about the seriousness of the situation.
Yahoo!'s core assets are up for sale and have drawn interest from AT&T, Verizon among others. According to sources, Twitter's officials met Yahoo! "several weeks ago," but the talks did not last for long as Twitter did not show further interest. Both companies declined to comment on the issue and said, "We don't comment on rumor and speculation."
As Yahoo could not find a tax-efficient way of selling its stake in Alibaba. com , the Chinese e-commerce company, in December, Yahoo put up its core Internet business for sale. The value of Yahoo's 15.4 percent stake in Alibaba is somewhere between $20 billion and $30 billion currently which surpasses the total value of Yahoo's Internet business which is estimated to be in the range of $4 to $8 billion.
SoftBank , the Japanese internet company with which Yahoo has a joint venture in Yahoo Japan, is not likely to be a suitor for Yahoo as it is facing shortage of cash right now and this week sold part of Alibaba stake.
- BMW expands vehicle recall over battery issue to more than 4,500 U.S. plug-in hybrids
- Karma Automotive announces attractive price tag & unique features for upcoming GSe-6 electric sedan
- Twin River acquires iconic Bally’s brand from Caesars Entertainment for $20 million
- Wynn Resorts’ Encore to close for 3 days a week due to low demand
- Hyundai expands Kona EV recall plan to cover North American, European markets