Microsoft officially ends bid to buy Yahoo

Mercury News Reports: " The curtain appeared to come down Thursday on Silicon Valley's most popular business drama, as Microsoft Chairman Steve Ballmer confirmed that talks to acquire Yahoo have ended and a major shareholder advisory service said it was backing the Internet company's board.

"It didn't work out," Ballmer said during Microsoft's annual presentation to analysts. "Fine. We're done. We can move on."

RickMetrics Group, a subsidiary of ISS, one of the oldest and most influential advisory firms, endorsed Yahoo's board, which is up for re-election at the Aug. 1 annual meeting.

"It's basically game over," said Joseph Grundfest, a Stanford University law professor and co-director of the Arthur and Toni Rembe Rock Center for Corporate Governance."

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Bombibomb3710d ago

You can't buy everything, Microsoft.

Highwayman3710d ago

True that...

Plus I thought it a bad move on MS's part, at least right now at the moment given the economic troubles we're in at the moment..

Personally though I wanted to see Yahoo, stay Yahoo.

decapitator3710d ago

Word. After numerous attempts, they finally got that message. I think it was because Yahoo also started threaten them with a possible Google Merger.

La Chance3710d ago

looks like Google is the real winner then.

Dark vader3710d ago

You must be crazy if you think google is going to let themselfves get bought out.

Premonition3710d ago

Next news i want to see : EA ends bid to buy Take Two.

Topshelfcheese3710d ago

I wouldn't count on it. EA got 8% of the stock in the first 4months and in just the last month they got another 7%, its obvious that shareholders are starting to sell as Take Two's own stock continues to fall.

juuken3710d ago (Edited 3710d ago )

Stop trying to buy out others ya greedy muppets.

Kudos to Yahoo for not falling into Microsoft's greedy hands.

TheDeadMetalhead3710d ago

Micros#!t, you fail again >:)

juuken3710d ago

Indeed they do.
Money can't buy everything. :)

juuken3710d ago

Ooooh dear.

Don't make the bots come scurrying over here now. o-o

juuken3710d ago (Edited 3710d ago )

Look at what joo did Dead Metal. >u<

TheDeadMetalhead3710d ago (Edited 3710d ago )


@Suck Is God- It can't buy your soul back >:(

Gabe3233710d ago

Well it actually can buy Yahoo!

They wanted a few billion more after Microsoft's initial bid.

I think they wanted around 47.5?

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