Monday, May 5, 2008

Microsoft Walks away from Yahoo

Microsoft has withdrawn its bid to buy Yahoo on 3rd May, Microsoft was willing to pay US$47.5 billion or US$33 per share, up from the bid's current value of US$29.40 per share, but Yahoo demanded at least US$53 billion or US$37 per share.

Here is the letter that Steve Ballmer wrote to Jerry Yang Microsoft Withdraws Proposal to Acquire Yahoo!


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