Yahoo to stay focused on alternatives - source

Updated: 2008-05-04 11:56

SAN FRANCISCO - Yahoo Inc will stay focused on evaluating strategic alternatives after Microsoft Corp walked away from a $44.6 billion takeover offer, a person familiar with the matter said on Saturday.

Pedestrians walk past the Time Square Yahoo sign in New York April 7, 2008. [Agencies]

Yahoo is not looking for offers, the source said, but added that the board is open to considering options that maximize shareholder value.

Yahoo has discussed tie-ups with both Time Warner Inc's AOL division and Google Inc , different sources earlier told Reuters. A partnership with Google, in which Yahoo search results would carry advertising from Google, may be announced as early a next week, another source told Reuters.

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