Microsoft Corporation (NASDAQ:MSFT) Steve Ballmer and Yahoo! Inc. (NASDAQ:YHOO) Chairman Roy Bostock were spotted meeting at the Time Warner Center yesterday. This took place two days after Yahoo! named a new CEO, Carol Bartz.
According to a tipster at Valleywag:
“On my way down the elevator, I was stopped on the 5th floor and in walk Roy Bostock and Steve Ballmer. Kind hellos were exchanged. As we entered the lobby they both walked out and seemingly proceeded to lunch together.”
Valleywag came up with several plausible conclusions out of the meeting here. The first is that Microsoft is still interested in buying Yahoo!’s search business, but Bartz said that she wasn’t interested in getting to that right away. Another possible reason is that Ballmer said he was ready to come back to the negotiation table when Yahoo! got a new CEO and both executives may have been in New York around the same time.
Given that they were meeting in the Time Warner building, my guess is that executives there may have wanted to arrange a deal between AOL, Yahoo!, and Microsoft. Time Warner clearly wants to unload AOL somehow and Microsoft has a big enough wallet to take possession of AOL. You never know what could happen when you put these three outfits in the same room. More details as this story unfolds.