Microsoft abandons Yahoo bid, rebuffing higher sale price
May 4, 2008 By MICHAEL LIEDTKE, AP Business Writer
In this May 4, 2007 file photo of Times Square news ticker flashes a headline about Microsoft above a billboard for Yahoo in New York. Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc. The decision to walk away from the deal came Saturday May 3, 2008 after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful. (AP Photo/Mark Lennihan)
(AP) -- Microsoft Corp. withdrew its $42.3 billion bid to buy Yahoo Inc. on Saturday, scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc. The decision to walk away from the deal came after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful.
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superhuman - May 04, 2008
- Rank: 3 / 5 (2)
Good for Y! Although I was hoping m$ft would choke to death on them, but it will go down anyway although more slowly. Go Google, KILL that disgrace to IT community!- report abuse
