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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Microsoft CEO still open to partnership with Yahoo Wed Jun 24, 2009 4:01pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Cyril Altmeyer CANNES, France (Reuters) - Microsoft Corp (MSFT.O), the world's largest software group, is still open to a partnership with search engine giant Yahoo Inc (YHOO.O), Chief Executive Steve Ballmer said on Wednesday. "We remain open to a partnership with Yahoo," Ballmer told a seminar at the Cannes Lion 2009 advertising festival. Asked if a deal could be sealed in the next year, he said: "Who knows?" Ballmer did not give further details. Microsoft offered to pay up to $47.5 billion for Yahoo early last year, but was rebuffed by Yahoo's former leadership. There has been talk of a partnership between Microsoft and Yahoo in recent months, but no deal has emerged. Microsoft is also trying to challenge Google Inc (GOOG.O) with its own new search engine called Bing. Ballmer also gave a cautious view over the prospects for the world economy, which has been hit by the financial crisis that arose from bank losses on home loans and complex debt instruments. "I don't think we're in a recession," said Ballmer. "I don't assume there is a recovery. I think we reset to a lower level and the world economy will grow again from this reset level." Ballmer said he was not sure if a full recovery would occur in one year or in two years from now. Asked whether he was worried about a pending European Union antitrust ruling about bundling browsers with operating systems, Ballmer replied: "We comply with EU law." (Reporting by Cyril Altmeyer; additional reporting by Dominique Vidalon; editing by Andre Grenon) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Apple's Jobs has "excellent prognosis" Also On Reuters Slideshow Slideshow: Evicted -- the housing crisis takes its toll Keep up the good-enough work, Mr. President Slum walls raise suspicion in Rio de Janeiro More Technology News Apple's Jobs has "excellent prognosis" Twitter users buy more music: report Microsoft debuts power conservation website Corrected: Time Warner, Comcast plan more TV on Web Mobile money seen as chance for world's poorest More Technology News... 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