Ballmer Stirs The Microsoft-Yahoo Deal Pot, Yet Again

This story was written by Tameka Kee.
And so the Microsoft-*Yahoo* dance begins again ... *Microsoft* CEO Steve Ballmer told analysts at a strategic update/mid-year outlook presentation today that he still wanted to pursue some sort of search deal with *Yahoo*. According to ZNET, Ballmer wants to find a way for the two companies to "pool their resources" to take on Google; he said Microsoft (NSDQ: MSFT) was unlikely to gain search ground this year on its own.

The pot-stirring comes amid Yahoo's hunt for a new M&A exec, and despite CEO Carol Bartz' insistence that the company will continue to fare well on its own. Microsoft's shareholders didn't seem to like the pitch though, as the WSJ notes that its stock sunk to its lowest price in 11 years following the presentation; Yahoo's rose by 5 percent.

Photo Credit: Gartner PR


By Tameka Kee
  • CBSNews

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