According to media reports, executives from Twitter Inc. early this month met with Yahoo’s CEO Marissa Mayer to discuss merger possibilities.
During the 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 on Friday.
“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.
According to the report, Twitter appeared mainly interested in taking information out of Yahoo and it bowed out of the bidding process soon.
Meanwhile, Twitter’s spokesperson said that the company does not comment on any rumor and speculation.