Executives from the sinking micro-blogging website Twitter have met Yahoo CEO Marissa Mayer to discuss merger possibilities. At the management meeting, Twitter and Yahoo executives spent several hours hashing out Yahoo’s financials and whether a strategic combo might make sense, a source close to the talks told the New York Post. Also Read - Twitter Voice Tweets rolling out for iOS: What are they, how to sendAlso Read - World Emoji Day 2021: Twitter reveals 10 most used emojis in 2021 in India
“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,” the source was quoted as saying. Also Read - Top Tech News today: Realme Watch 2 Pro launch date, Vivo Y72 launched in India, WhatsApp multi-device feature
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.
“When your CEO does not show up for a management meeting, you have to wonder how serious it was,” the source said, adding that Twitter’s interest was not driven by “some huge thesis – it was a flyer”.
Meanwhile, a Twitter spokesperson has said that the company does not comment on rumor and speculation. Yahoo officials declined to comment. Second-round bids for Yahoo’s core internet businesses are due early next week with telecom giant Verizon still seen as leading the pack.