Jerry Yang, CEO of Yahoo Inc. said on Wednesday that an agreement with Microsoft would have a tremendous power, but that the software giant no longer seems interested in a full merger.
Speaking at a conference of leaders of the high-tech industry, Yang expressed his opinion on possible agreements with Microsoft Corp. and leader Google Inc. in Internet searches.
In his most explicit comments to date on the four-month tug of war with the manufacturer of Windows, Yang indicated that his company remained open to a possible treatment, but that Microsoft had ruled out a merger for now.
Earlier this month, Microsoft withdrew a proposal to acquire Yahoo for $ 47,500 million, or 33 U.S. dollars per share, after the Internet company rejected the offer and said that only reach an agreement by 37 U.S. dollars per share.
“We will not withdraw this offer, Microsoft did,” Yang said on Wednesday during an interview at the conference on “D: All Things Digital,” which meets annually to the elite world of technology in San Diego.
The executive said he thought that a combination with Microsoft would have had “a tremendous amount of power.”
In mid-May, the two companies announced that they had begun talks on an agreement and an unspecified level lower than a merger.
“Microsoft is no longer interested in buying the company, and we are talking about other things. We have to understand what they are proposing … clearly have interests in Yahoo,” Yang said.
Last week, a source close to the last round of negotiations said that Microsoft had proposed to buy the business search Yahoo and acquire a minority stake in pioneering the Internet, far from offering a full merger.
As part of the deal, Yahoo would sell its assets in Asia, including minority stakes in Yahoo Japan and the Chinese group Alibaba, while Microsoft would buy a portion of the rest of the company, the source explained.
In an interview in the same conference, the CEO of Microsoft, Steve Ballmer suggested on Tuesday that discussions had broken mainly by the issue of price. “Clearly there is a difference between what it offered and asked,” Ballmer said.
In an interview with an expert in technology Walt Mossberg, Yang said that a merger with Microsoft would involve a number of issues that go beyond price and that the discussions never explored such issues, including regulatory matters.
The president of Yahoo, Susan Decker, who was with Yang at the scene where they conducted the interview, said that the price had always been the biggest barrier to reach an agreement with Microsoft.
As for Google, Yang acknowledged that an agreement on competition with his rival would make sense, but for the moment there were none.
In addition, after the criticism he received after the breakdown of talks on a purchase by Microsoft, Yang defended its year of management at the helm of the company.
“I think I’m the best person to lead Yahoo,” said co-founder of the company.