Yahoo rejects Microsoft search offer
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| Yahoo CEO Terry Semel has revealed he recently rebuffed Microsoft's
| attempt to bag a stake in the company.
|
| Although the Yahoo boss didn't confirm what form the speculated
| overtures took, he slapped down the idea Yahoo would be willing to
| let Microsoft take a stake in the company.
|
| According to a report in the Financial Times, Semel said: "Microsoft
| taking over Yahoo--that conversation has never come up."
|
| He added: "(We discussed) search, and Microsoft co-owning some of our
| search. I will not sell a piece of search--it is like selling your
| right arm while keeping your left; it does not make any sense."
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