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Microsoft Withdraws Proposal to Acquire Yahoo!
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#1 User is offline   M.Sudoku Icon

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Posted 04 May 2008 - 08:26 AM

Microsoft Corp. (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo! Inc.

“We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees,” said Steve Ballmer, chief executive officer of Microsoft.

“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 Ballmer.

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#2 User is offline   Johnnyboy Icon

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Posted 04 May 2008 - 09:05 AM

I think it's a good news because ultimately competition is always good for consumers and users. :D
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#3 User is offline   pakistanipower Icon

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Posted 04 May 2008 - 05:48 PM

lol yahoo must be pissed, i think its retard of them to do that, such a nice deal but no they think they worth more...

who else will buy it now? google? i really dont see them buying yahoo
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#4 User is offline   pm_41 Icon

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Posted 05 May 2008 - 02:21 AM

Microsoft is probably after Yahoo! Messenger.

Think about it for a moment. Yahoo Messenger is the most popular IM client on Earth right now. If MS got their grubby little hands on it, then Gates & Ballmer will own a good chunk of all the world's IM traffic.

Any other of Yahoo's services would probably be mixed in with Microsoft's. (My eyes are hurting just thinking about a combination of Windows Sidebar and Yahoo Widgets. :lol: )

MS is only out for the moment. They will return...
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#5 User is offline   M.Sudoku Icon

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Posted 05 May 2008 - 08:03 AM

Read: Yahoo! Issues Statement in Response to Microsoft

You can read the full letter sent by Steve Ballmer's to Yahoo CEO Jerry Yang here.
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#6 User is offline   Freka Icon

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Posted 05 May 2008 - 11:45 PM

Good because competition is a good thing for the consumer.
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#7 User is offline   Johnnyboy Icon

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Posted 06 May 2008 - 09:46 AM

I'm afraid now Google may try to takeover Yahoo!

This post has been edited by Johnnyboy: 06 May 2008 - 09:46 AM

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#8 User is offline   Villain Icon

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Posted 06 May 2008 - 10:56 AM

there has allways been a microsoft / google conflict in yahoo. ballmer f**ked up, an this may be google's chance to go in and get yahoo.
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