New York, June 4: Executives from the sinking micro-blogging web site Twitter have met Yahoo CEO Marissa Mayer to debate merger prospects, the media reported.
On the management meeting, Twitter and Yahoo executives spent a number of hours hashing out Yahoo’s financials and whether or not a strategic combo may make sense, a supply near the talks informed the New York Post on Friday.
“Twitter is the vacation spot for fast information and Yahoo has quite a lot of eyeballs on its website. The concept shouldn’t be as loopy as you may assume,” the source was quoted as saying.
In response to the report, Twitter appeared primarily fascinated about taking info out of Yahoo and it bowed out of the bidding course of quickly. Twitter CEO Dorsey didn’t present up for the Yahoo assembly.
“When your CEO doesn’t show up for a management meeting, it’s a must to surprise how critical it was,” the source mentioned, including that Twitter‘s curiosity was not pushed by “some enormous thesis – it was a flyer”.
In the meantime, a Twitter spokesperson has mentioned that the corporate doesn’t touch upon hearsay and hypothesis.
Yahoo officers declined to remark.
Second-round bids for Yahoo’s core web enterprise are due early subsequent week with telecom large Verizon nonetheless seen as main the pack.
