Microsoft drop bid for Yahoo
Microsoft has dropped it’s bid to buy Yahoo as the two companies cannot agree on a price for the internet firm.
Microsoft claim to have increased their offer by $5bn to $47.5bn whereas Yahoo were after a minimum price of $53bn which was more than Microsoft were prepared to offer.
Microsoft boss Steve Ballmer said ‘After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Mircrosoft stockholders, employees and other stakeholders to withdraw our proposal’. Ballmer has told his employees that Microsoft will continue towards the same goals without Yahoo, just at a slower pace.
Comments
Comment from zohai
Date: May 21, 2008, 12:27 am
Haha. Good thing to hear than Yahoo is not being eaten up by Microsoft. If that happens it’ll really be all out battle between Microsoft and Google only.
Comment from Social Picard
Date: May 21, 2008, 2:27 am
I think its a good move by Microsoft to drop the bid. Microsoft has done many weird stuff lately but at least this is one great decision by them. In the future I’m sure this decision, it may benefit both Microsoft and Yahoo!.
Comment from P Kriegbaum
Date: May 23, 2008, 4:08 pm
Well, i don’t really get it why Microsoft do so want to buy Yahoo? That’s really weird for me.
Comment from info
Date: May 25, 2008, 7:00 pm
Looks like Yahoo certainly raised some eyebrows in Microsoft. Wonder if negotiations will take place again after things have cooled off a little. Thanks for the post.
Comment from Cabe
Date: May 27, 2008, 9:03 pm
Microsoft wants to stay in the game, even though Google will beat them out eventually. It will happen , just you wait.
Comment from Sally Lopez
Date: June 4, 2008, 1:14 pm
wow! such a big money involved but still didn’t get….maybe next time 
Comment from Icmeler
Date: June 10, 2008, 5:32 am
I cant agree more on Microsoft. A good decision i’ll say. I think even if its in a slow pace, still Microsoft will catch up to Yahoo soon. Just wait and see..
Comment from Tony
Date: June 10, 2008, 5:01 pm
lol! I hope they get it soon. I can’t wait!
Comment from DW
Date: June 13, 2008, 2:58 pm
I dont think google can beat microsoft and i think microsoft will be top for years to come. Thanks for this small piece of work.
Comment from Breakdown Cover
Date: July 5, 2008, 9:49 am
Personally I am glad there is still 3 search engines rather than 2. The truth is Microsoft cannot keep up with google so were hoping to buy the technology from Yahoo, to at least improve their search engine market share.
I am astnished of how bad microsoft have perfomed in this area. Even of they were behind google, they should not be behind Yahoo and ceratinly not only have around 10% of the search market, with the amount of money it has thrown at it over the last 2 year.
I think Microsoft have to prove they can do it alone. $45b is a lot of money to invest in their own search to take away some of the dominence of google. I think cheaper than buying another company with its own issues.
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