Ballmer reiterates interest in Yahoo talks

March 19, 2009 By ANDREW VANACORE , AP Business Writer

(AP) -- Microsoft Corp. Chief Executive Steve Ballmer is still signaling an interest in a deal to buy part of Yahoo Inc.

Ballmer said at a technology and media summit Thursday in New York that a deal would help improve Microsoft's Web search business by expanding the base of users. More people using the search engine means more advertisers. And, Ballmer says, a larger pool of advertisers will allow for more tailored ads next to search queries.

Ballmer said he has had only one conversation with since she became Yahoo's chief executive in January. Ballmer said he congratulated her and said he'd like to chat at some point about a possible deal.

Bartz's predecessor as CEO, , rebuffed a $47.5 billion offer from last year. Since then Microsoft has said several times it would be open to a deal involving the companies' search engines.

Meanwhile, Microsoft has continued to develop its own search technology as it struggles to catch up with Inc. and Yahoo. The internal name for one of Microsoft's new search concepts is Kumo, which has prompted some quizzical comments and sneers since it was leaked in a staff memo. It probably will not be known as Kumo when it goes public, Ballmer indicated Thursday. "We need a name," he said.

Yahoo shares rose 53 cents, 4 percent, to $13.95 in morning trading. Microsoft shares were up 11 cents at $17.07.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Related Stories

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Apple issues update after cyber weapon captured

August 26, 2016

Apple iPhone owners on Friday were urged to install a quickly released security update after a sophisticated attack on an Emirati dissident exposed vulnerabilities targeted by cyber arms dealers.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.