05-03-2008, 10:09 PM
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#45 (permalink)
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1.20.09 : end of an error
Join Date: Aug 2007
Location: U.S.A.
Posts: 911
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FYI:
BBC NEWS | Business | Microsoft walks away from Yahoo
Quote:
Software giant Microsoft has dropped its three-month-old bid to buy internet firm Yahoo because the two sides cannot agree on an acceptable sale price.
Microsoft chief executive Steve Ballmer formally withdrew the offer in a letter to Yahoo chief executive Jerry Yang.
Mr Ballmer said Microsoft had raised its original offer from $44.6bn to $47.5bn (£24.1bn) - $33 per share.
But he added that Yahoo had insisted on at least $53bn, or $37 a share - more than Microsoft was prepared to pay.
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