Yahoo chief executive Jerry Yang said his company remained open
to a potential
deal with Microsoft, reports Reuters.
Jerry Yang added that
Microsoft had ruled out a merger for now, as
Microsoft publicly stated last week.
Earlier this month,
Microsoft walked away from a proposal to acquire Yahoo for
almost £24bn, after Yahoo held out for a higher offer.
Yang said, "We did not walk away from that proposal. Microsoft
did." Yang said a combination with Microsoft would have had "a
tremendous amount of power".
Last week,
Microsoft made an approach to Yahoo to form a partnership,
stopping short of a merger.
Yang said, "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."