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Twitter, Yahoo holds talk on merger: Report

Twitter

New York: Twitter executives have reportedly met Marissa Mayer, Yahoo CEO, to chalk out plans for a merger. At the management meeting, Twitter and Yahoo executives spent several hours hashing out Yahoo’s financials and whether a strategic combo might make sense.

According to the report, Twitter appeared mainly interested in taking information out of Yahoo and it bowed out of the bidding process soon. Twitter CEO Dorsey did not show up for the Yahoo meeting. The source quoted “Twitter is the destination for instant news and Yahoo has a lot of eyeballs on its site. The idea is not as crazy as you might think.”

Meanwhile, a Twitter spokesperson has said that the company does not comment on rumour and speculation. Yahoo officials declined to comment.

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