On Friday, top executives at Microsoft were reported to be flying to Silicon Valley from Washington to finalise the deal. The two web giants have been in talks over a potential sale of the search business for more than 18 months. An analyst with the institutional investor ThinkEquity was quoted by the investment website 24/7 Wall Street as saying a deal was "imminent".
Details of the deal are sketchy, but 24/7 Wall Street said Microsoft could pay US$3 billion, and agree to share revenue from the search business with Yahoo. A successful deal would give Microsoft almost 30 per cent of the American market.
Details of the deal are sketchy, but 24/7 Wall Street said Microsoft could pay US$3 billion, and agree to share revenue from the search business with Yahoo. A successful deal would give Microsoft almost 30 per cent of the American market.
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