Yahoo board OKs meetings with suitors
EmptyDuring a Friday meeting, Yahoo's board authorized the company's management to meet with Time Warner and Microsoft this week, according to a New York Times article, but the portal still has not made a formal decision on its future structure.
Earlier this year, Microsoft made public an acquisition bid of Yahoo, who's seen its stock price slide in recent years, worth $44.6 billion, though the value of the offer has dipped since then. Yahoo rejected this proposal, saying it undervalued the company, but last week Microsoft said it would, later this month, begin a proxy fight for control of the company if Yahoo didn't agree to terms.
Yahoo has also been looking at a merger with Time Warner's AOL and it entered into a limited deal with Google, in which that company would sell some of its search ads. Yahoo will examine these options during the week, said the Times.