Twitter Allegedly Discusses Merging With Yahoo
Verizon almost got a newand quite unexpectedrival in its bid for Yahoo Twitter. Yes, executives from the slumping social media network met with Yahoo CEO Marissa Mayer and her team several weeks ago to discuss merger possibilities, the New York Post reports, citing sources close to the talks. The two teams discussed the financial state of Yahoo and whether a merger would make strategic sense for the two firms. "Twitter is the destination for instant news, and Yahoo has a lot of eyeballs on its site," one source told the Post. "The idea isn't as crazy as you might think.", It's not clear that the conversations were serious, though, as Twitter CEO Jack Dorseywho has his own hurdle to face in addressing his site's anemic user growthreportedly did not even attend the meeting. Twitter dropped out of the Yahoo auction soon after the meeting, the Post reports. When Fortune asked both companies for confirmation of the Post report, Yahoo said it's not commenting on the details of its "strategic review" process. Twitter did not immediately respond.