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Microsoft may want to back a Yahoo buyout for the same reason it invested in Uber
Microsoft may want to back a Yahoo buyout for the same reason it invested in Uber
Eugene KimMar 31, 2016, 01:29 IST
Microsoft Corp Chief Executive Satya Nadella speaks at his first annual shareholders' meeting in Bellevue, WashingtonThomson Reuters
Microsoft is suddenly interested in backing a potential Yahoo buyout deal, and it may be for the same reason it invested in Uber recently, according to Global Equities Research analyst Trip Chowdhry.
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Speaking on CNBC's "The Rundown," Chowdhry said the only reason Microsoft may be interested in a Yahoo deal is to maintain its existing partnership with the internet company and "gain influence" the way it did by partnering with Uber.
