Friday, June 3, 2016

Twitter Reportedly Met With Yahoo To Discuss Possible Merger

As Yahoo prepared to dissect a second round of bids for its core internet business — including search, mail, and news sites — the company might have another proposal to ponder: a merger with Twitter. 

The New York Post, citing the all important sources close to the matter, reports that Twitter officials met with Yahoo executives several weeks ago to discuss a possible marriage between the social network and one-time Internet biggie.

The meeting, which apparently lasted several hours, focused primarily on Yahoo’s financial and whether or not a combined company would fit in with the future of tech.

“Twitter is the destination for instant news, and Yahoo has a lot of eyeballs on its site,” said one source. “The idea isn’t as crazy as you might think.”

However, the NYPost reports that a merged company may not be championed by all involved, as Twitter CEO Jack Dorsey wasn’t actually involved in the meeting.

“When your CEO doesn’t show up for a management meeting, you have to wonder how serious it was,” the source said.

Yahoo declined to comment on the meeting, while a Twitter spokesperson said the company doesn’t comment on speculation or rumor.

Twitter kicked tires on Yahoo merger [New York Post]


by Ashlee Kieler via Consumerist

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