Yahoo: Buy us please Microsoft

Yahoo Co-founder and CEO Jerry Yang has suggested Microsoft buying Yahoo would be "the best thing".

At the Web 2.0 Summit in San Francisco, California, Yang said "To this day the best thing for Microsoft to do is buy Yahoo....I don't think that is a bad idea at all, at the right price whatever that price is. We're willing to sell the company."

Yahoo declined a bid from Microsoft for $33 (£21) a share from Microsoft back in May. Since then Yahoo shares have plummeted and Microsoft publicly stated it no longer had any interest in buying Yahoo.

Yang was questioned by one audience member regarding Yahoo's rejection of the Microsoft offer. "They walked away from a public offering and we were ready to negotiate. We wanted to negotiate a deal. We felt we weren't that far apart.

"At the end of the day, they withdrew and they have since been clear about not wanting to buy the company," explained Mr Yang.

Microsoft has not commented on Yangs latest revelations. If Microsoft were to buy Yahoo now they would get a good bargain compared to back in May. Since May the shares have dropped from $28.67 to $13.92 at the time of writing.

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