Call it the tweet heard round the world. In 140 characters, the business news site Benzinga got the ball rolling by reporting that analysts were whispering about a possible deal. The story’s been picked up by various websites including Time’s Techland.
Would the deal make sense? Well, the Times has made a huge commitment to its online presence, is badly in need of cash, and its stock is trading near its 52-week low. And Yahoo is supposedly planning “rapid display growth.”
On the other hand…with the Times stock near its 52-week low, maybe this is somebody’s tactic for generating an uptick.
Read more at Techland.