Top
400°

Microsoft Withdraws Its Bid for Yahoo

Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price.

The breakdown in the talks followed a meeting on Saturday morning in Seattle between Microsoft's chief executive, Steven A. Ballmer, and Yahoo's chief and co-founder, Jerry Yang, according to a person briefed on the discussions.

At the meeting, which also included Yahoo's other co-founder, David Filo, and Kevin Johnson of Microsoft, Mr. Ballmer increased Microsoft's offer to $33 a share, but Mr. Yang said Yahoo would not sell for less than $37 a share, this person said.

Microsoft's decision to walk away is the latest chapter in a three-month-old standoff that began when Microsoft made an unsolicited offer to acquire Yahoo in an effort to compete more effectively with Google in Web search, advertising and services.

Yahoo rejected Microsoft's offer repeatedly, saying it undervalued the company. Microsoft at times threatened to lower its offer, originally valued at $44.6 billion, or $31 a share.

Update:

Full text of Microsoft CEO Steve Ballmer's withdrawal letter to Yahoo here: http://www.msnbc.msn.com/id/24446149&GT1=43001

The story is too old to be commented.
Breakfast3797d ago (Edited 3797d ago )

Good now they can spend there money on acquiring Sony.

/End Seriousness

Genesis53797d ago (Edited 3797d ago )

Oh there you go again. You're not getting me this time.

Not really like MS to just go quietly into the night though is it?

@Elementx I have Yahoo Canada as my home page. But I use Google tool bar for my searches.

ruibing3797d ago

I really can't tell if you are joking or not sometimes, so I'm just going to move on and suggest MS work harder on their next OS instead.

I mean I'm ok with Vista, it's easier to work with and does provide some useful features that make it more accessible. However, it just loses in every other respect with high price, compatibility issues, multi SKU markeeting approach, and stability problems. It honestly feels like the new Windows ME.

wow4u3796d ago

Why would you use google toolbar for searches? Why not simply add Google as a search provider in IE?

My experience with Google Toolbar is instability and unnecessary bloat. I avoid almost all browser toolbars for this reason, they do so little that is useful and cause so many problems.

Bleucrunch3796d ago

GREAT NEWS I hope the ride into the sun set over a volcano....and HELL no they wont be able to afford sony.

+ Show (1) more replyLast reply 3796d ago
ElementX3797d ago

Who uses Yahoo anymore anyway? I switched to Google years ago and haven't looked back.

ruibing3797d ago

Most people I know from Asia still use yahoo.

crck3797d ago

But my email, news, finance traffic always goes to yahoo. Bad news for yahoo shareholders though. Expect that stock to plummet on Monday.

Denzelio3797d ago

I use altavista, I sort of visit yahoo every now and then to check out there 'Movie' section but thats it. Besides I never really have anything good to look up on altavista anyway.

If I really need some good information Wikipedia usually has what I'm looking for without the other rubbish that search engines always bring up.

Richdad3797d ago

google is best, but recent upgraded yahoo mail made it faster than Gmail. Ihave both so I am saying this. Also they are doing fine I was surprised by their move top capture yahoo which is of not good they recently strated acquring small firms (Danger, Speed tree, One motion capture firm) which they should continue.

+ Show (1) more replyLast reply 3797d ago
niall773797d ago

...who else can they buy

Breakfast3797d ago

Theyre probably gonna need ALL the extra money to help they're public relations...lol

v1c1ous3797d ago

buy some japanese game companies!

do it! startup ones!

get MH3 out of the wii's grasp! you can do it!

oh god they are gonna waste that 40 billion on something retarded!

Denzelio3797d ago

Assimilating game companies is EA's (The Borg) job, M$ is more of a parasite it infects things and riddles them with problems.

wow4u3796d ago

@4.1

" (The Borg) job, M$ is more of a parasite it infects things and riddles them with problems. "

Why is this +4 Agree in the gamer-zone? This site is full of idiots.

Zhuk3797d ago

The bid will likely go hostile now, Yahoo will have to learn its place and that the future is with Microsoft

juuken3797d ago

Proves that MS are a bunch of corporate greeds, doesn't it?

SONYS LARGE D1CK3796d ago

i dont think yahhhhhhhhhooooooooooooooooooo oooooooooo is worth that much. why waste that money use it on something worth buying. spend it fortifying the products they have already.

juuken3796d ago

SONYS LARGE D1CK, if Yahoo isn't worth much, then why is MS trying to buy it out?

Show all comments (27)