902 total views, 2 views today
But Twitter CEO Jack Dorsey wasn’t sufficiently interested to meet Yahoo CEO Marissa Mayer himself, the New York Post reports
Twitter briefly entertained the idea of a merger with Yahoo, and senior Twitter staff met Yahoo CEO Marissa Mayer to discuss a possible deal.
The companies met “several weeks ago,” sources told the New York Post, but Twitter broke off the talks soon after, the newspaper reported Thursday night.
Yahoo put its core Internet business up for sale in December, after giving up hope of finding a tax-efficient way of selling its 15.4 percent stake in Chinese e-commerce giant Alibaba.com.
The value of that stake, between US$20 billion and $30 billion today, far exceeds the value of the rest of Yahoo.
Estimates of the worth of Yahoo’s core Internet business vary greatly, but many put it at between $4 billion and $8 billion.
Twitter had about $3.6 billion of cash in hand at the end of the first quarter, so an acquisition of that scale wouldn’t be such an outrageous idea.
But Twitter seems not to have taken its bid particularly seriously, according to the Post: While Yahoo CEO Mayer met Twitter officials, that company’s CEO Jack Dorsey was not among them.