A senior Microsoft Corp. executive expressed optimism Thursday about the software giant's takeover bid for Internet firm Yahoo, saying the two companies' top managers were in close discussions.

"We continue to have a very close dialogue with Yahoo's shareholders (and) Yahoo's management," Microsoft senior vice president Jean-Philippe Courtois said.

"We simply hope for what we think is a very nice merger in terms of economies of scale, research and development, innovation, data centers...(and) to play a major role in the world," he told AFP after a press conference here.

Full Article

Microsoft, Yahoo!, Bid, Acquisition, Merger