Microsoft Yahoo! Deal Off - No More Microhoo!

May 4, 2008 2:33 am MelC Microsoft, Yahoo!

“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Steve B.

Read the press release and Steve ballmer’s letter to Jerry Yang here!
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