According to reports, Microsoft and Yahoo! officials met this weekend to discuss the possible merger; this is the first official meeting for the companies since Yahoo! rejected the software giant’s  $44.6 billion takeover bid.  Reports cite a person familiar with the matter, who wished to remain anonymous due to the private nature of the talks.

The reports say that no investment bankers were present at the meeting and that price negotiations were not part of the talks. Instead Microsoft used the face time to sell the flagging Internet giant on the upsides of the buyout.

Analysts do not expect the two to be any closer to finalizing a deal. However, Yahoo! is expected to release its first quarter results April 22, and it may have more news about the takeover then.