Twitter reportedly discussed merger with Yahoo

Twitter and Yahoo held talks to discuss possibly merging the two tech firms, but it doesn’t appear that the idea will materialize.

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

But the media outlet notes that Twitter, which has struggled to grow its number of users and meet Wall Street’s expectations, bowed out of the bidding process afterward. The company’s CEO Jack Dorsey also didn’t show up to the meeting with Yahoo’s management team.

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

Both Twitter and Yahoo declined to comment to the New York Post about the topic.

The second round of bids for Yahoo’s core internet business is expected to wrap up this month. Verizon, AT&T and Quicken Loans are potential suitors, according to media reports.

Photo: The Twitter building is photographed Dec. 14, 2015, in San Francisco, Calif. (Karl Mondon/Bay Area News Group)

 

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  • SayNO2Liberalism

    Twits and yahoos getting together? America, put your heads between your legs and kiss your arses goodbye!

 
 
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