This article is from the archive of our partner .

Yahoo's up for sale and Microsoft is considering throwing its moneys into the bidding, reports Reuters. "Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday." In February of 2008, Microsoft offered $44.6 billion to buy Yahoo, but the deal never went through--Yahoo wanted more money. Microsoft and News Corp. have been mentioned as potential buyers since at least Monday evening when The New York Times's Dealbook named them in a report on the sales process. But it was the Reuters report, which said reported that Microsoft was considering a bid that made investors giddy. After it was published the stock shot up, closing the day up over 10 percent

 

This article is from the archive of our partner The Wire.