Twitter, Yahoo Merger Mulled at Secret Meeting Without Jack Dorsey (Report)

Yahoo CEO Marissa Mayer was reportedly in attendance

Last Updated: June 3, 2016 @ 6:37 AM

Executives from Twitter and Yahoo reportedly met several weeks ago to discuss a possible merger, but the former has since reportedly backed out of the process.

Yahoo CEO Marissa Mayer attended the meeting, according to the New York Post. Executives reportedly spent several hours hashing out Yahoo’s financials and whether a merger makes sense.

The Post reports that Twitter was mainly interested in getting information from Yahoo and that CEO Jack Dorsey didn’t bother attending the meeting.

Yahoo officials declined to provide comment to the Post, while a Twitter spokesperson told the tabloid, “We don’t comment on rumor and speculation.”

Mayer, who took the helm of the company in 2012 after holding a top position at Google, aimed to reignite Yahoo through moves that included pricey acquisitions of startups, a slew of mobile apps and a larger content and news machine with big-name talent. But after more than three years, Yahoo has failed to produce meaningful growth in revenue.

Second-round bids for Yahoo’s core Internet business are due early next week. Verizon, AT&T and a variety of private equity firms are expected to participate.