Microsoft Pulls Yahoo Acquisition Offer - (View article)
tidbits.com
According to a story by Ina Fried in CNET's Beyond Binary blog, Microsoft has rescinded its offer to purchase Yahoo. In early February, Microsoft offered Yahoo $31 per share (see "Microsoft Bids $44.6 Billion for Yahoo," 01-Feb-08). Although speculation about the offer provided fodder for innumerable news stories and blog posts, in the end, it came down to money. Microsoft upped its offer to $33 per share, adding another $5 billion to the purchase price, but, according to Microsoft CEO Steve Ballmer's letter to... [More]