According to a report from The New York Post, Twitter and Yahoo management team conducted a meeting to discuss a possible merger between the two companies, however, the talks ended without an agreement. The list of possible companies to make a deal with Yahoo had included Twitter as well.
The report cited sources that were close to the talks, saying that several weeks ago, executives from the two firms had sat and discussed if a possible strategic combination will make any sense. The meeting had apparently lasted for several hours.
“Twitter is the destination for instant news, and Yahoo has a lot of eyeballs on its site,” one source told the newspaper. “The idea isn’t as crazy as you might think.”
The New York Post also reported that Twitter CEO Jack Dorsey was not present at the meeting and it appeared as if Twitter was “mainly interested in sucking information out of Yahoo, as it bowed out of the bidding process soon thereafter,” sources said.
When asked for further comments, Twitter didn’t respond immediately, while, a Yahoo spokesperson said that the company will not comment on any such proceedings or meetings as they are still looking at possible transactions and ways so that the company and its shareholders are able to benefit the most.
We definitely think the whole prospect has some weight to it, however, such talks have been going on for quite some time now. Twitter has been reportedly engaged in talks with several other companies with no apparent result coming out from such meetings. Earlier, reports of the company’s meetings with Microsoft had also surfaced on the Internet.
What are your thoughts on this report? Do you think that there is a possibility of a merger between the two companies? Do let us know in the comments section below!
