Microsoft said Monday it would be willing to reopen talks to buy all or part of Yahoo, but only if a new Yahoo board is elected, a major boost for investor Carl Icahn's board slate.
Meanwhile, Yahoo's board remains open to resuming full buyout talks, according to a person close to Yahoo's thinking. Yahoo is expected to issue a statement later Monday, the source said.
Microsoft, which broke off talks in early May to buy the Internet company for $47.5 billion, said it would enter into talks immediately if a new board were elected at Yahoo's Aug. 1 stockholder meeting.
On WednesdayPiper Jaffrey analyst Gene Munster told Fast Money, “Microsoft wants Yahoo and at the end of the day I think that’s going to happen. We believe by the end of this year you’ll see Microsoft and Yahoo come together…. at around $28 - $31/share.”
And that leads to our Fast Money Reader Poll. Do you think Microsoft and Yahoo! will merge by the end of the year?
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to firstname.lastname@example.org.