(Adds deal background; byline; closing stock prices)
By Sue Zeidler
SUN VALLEY, Idaho, July 10 Yahoo Inc's (YHOO.O)
chief executive said on Thursday he was unlikely to meet with
representatives of potential suitor Microsoft Corp (MSFT.O) at
this year's meeting of media and tech executives in Idaho.
Microsoft, which withdrew its $47.5 billion takeover offer
for Yahoo in May, said this week it would be willing to reopen
talks to buy all or part of the Internet company if a new board
is elected at an upcoming shareholder meeting.
But Yahoo CEO Jerry Yang, while walking in the lobby of the
venue for the Allen & Co conference in Sun Valley, only said "I
don't think so" when asked by Reuters if he had plans to link
up with Microsoft executives while there.
Billionaire investor Carl Icahn, who owns more than 4
percent of Yahoo's stock and is running his own slate of
candidates, also said this week he had "spoken frequently" with
Microsoft CEO Steve Ballmer over the past week.
Yang later told the Wall Street Journal that Microsoft was
set on "destabilizing" the company.
Yahoo has said it remains open to talks with Microsoft, but
that it felt any deal negotiated between Icahn and Microsoft
would not be in the best interests of its shareholders.
Shares of Yahoo fell 32 cents, or 1.3 percent, to close
Thursday's trading at $23.50 on the Nasdaq. Microsoft shares
closed up 22 cents at $25.45.
(Editing by Braden Reddall)