Yahoo! is ready for Microsoft

The Chief Executive Officer of Yahoo! Inc. Jerry Yang has declared that Yahoo! is ready to go into another negotiation with Microsoft for a buy out offer.

Yang made the remarks after Internet search giant Google pulled out of an advertising partnership with Yahoo on Wednesday to avoid a "protracted legal battle" with anti-trust regulators.

Microsoft withdrew its 33-dollar per share bid nearly six months ago after Yang demanded 37 dollars, a price that Yahoo's stock hasn't reached since early 2006. Yahoo rejected a 47.5-billion-dollar takeover bid from Microsoft Corporation, and had been counting on the Google deal to boost its annual revenue by 800 million U.S. dollars.

Unfortunately, Yahoo's shares closed Wednesday 5th November 2007 at 13.92 dollars, nearly 60 percent below Microsoft's last offer.

Digital Market Analysts believe Microsoft will make another offer to buyout Yahoo within the next few months in a bid to better compete with Google but with the present situation, Yahoo may now feel at more pressure to renew talks with Microsoft and possibly sell for a price well below the 33-dollar per share that Microsoft offered in May. Yahoo shares was traded on Wednesday morning at 13.67 dollars, up 2.4 percent on the day.