Monday, February 4, 2008

Google proposes Yahoo tie-up


Google has thrown a lifebelt to its floundering rival Yahoo by proposing a partnership between the two internet search rivals as a way to escape Microsoft's $44.6bn (£22.4bn) hostile takeover bid.

Intent on upsetting Microsoft's offer for Yahoo, Google's chief executive Eric Schmidt made a personal phone call to Yahoo's founder, Jerry Yang, to propose working together.

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