This world moves in strange and mysterious ways. TechCrunch is reporting that multiple sources at both Yahoo! and Microsoft are saying buy-out talks have resumed. To bolster that claim, shares of Yahoo! are up 7% since they opened this morning.
According to the TechCrunch report,
“What we’ve heard is that the two sides are in current discussions over a complete buyout, not necessarily that there’s a deal in place or even that Microsoft has made any kind of firm offer. Another source at Microsoft reiterates to us that they’re a buyer at the right price, but isn’t saying what that price is.”
Sources suggest the offer is well below the $33/share Microsoft originally offered. More details as they emerge.
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