Microsoft walks away from Yahoo deal

The Wall Street Journal (excerpt, subscription) ^ | May 3, 2008

[HAL9000]

This is good news. Microsoft would have ruined Yahoo.

[kewlhandluke2]

Bluff or real walk away?

[devane617]

Yahoo made a HUGH mistake...Will go belly-up or BK in the near future. Their last best hope was MS.

[i_dont_chat]

I like the many features of Yahoo. Glad it won’t be changing any time soon.

[MartinStyles]

Is this confirmed? Yahoo news is saying they just upped the offer to $31.

[SevenofNine]

Yeah of course I just hear on yahoo news ticker

[devane617]

Yahoo stock will tank Monday morning. Then MS will step in and buy it for a bargin. And shr hldrs get screwed by Yahoo management.

[jsh3180]

Dow Jones Newswire is saying Microsoft offered up to $33 per share, Yahoo was holding out for $37 minimum.

DJ Newswire says deal is dead.

[HAL9000]

AP News Alert

SEATTLE (AP) -- Microsoft spokesman says the software giant is walking away from its offer to buy out online portal Yahoo

No full article yet.

[HAL9000]

RTTNews -

Microsoft Reveals Withdrawal Of Proposal To Buy Yahoo! - Quick Facts

(RTTNews) - Microsoft Corp. (MSFT) said on Saturday that it has withdrawn its proposal to purchase Yahoo! Inc. (YHOO).

Microsoft's CEO Steve Ballmer said, "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."

Ballmer added that despite the best efforts, including raising Microsoft's bid by roughly $5 billion, Yahoo! has not moved toward accepting the offer. After careful consideration, Microsoft believes the economics demanded by Yahoo! does not make sense, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw the proposal.

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[goldstategop]

Microsoft wanted to compete with Google in the search engine market. It may have walked away from the Yahoo deal but its still serious about taking on Google.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[freerepublic_or_die]

That's absolutely wonderful news. I studiously avoid any online services, apps offered by Microsoft. They give me creeps.

As a major user of Yahoo I was loathe to think of what would happen to the net if they did in fact manage to make this happen. Let's hope it puts an end to this.

[VanDeKoik]

Glad to know your crystal ball works at least.

Mine only says that Yahoo’s stock will go into the crapper Monday and that the shareholders will be PO’d.

[Golden Eagle]

Heard it on CNN radio news break just a few minutes ago, Microsoft has withdrawn offer, no figures given. Hopefully Yahoo can repair their business on their own, wasn’t a great idea for a merger anyway, Microsoft should stick to software and forget content.

[BurbankKarl]

ha!

[Tanniker Smith]

I don't really use Yahoo that much, per se, but I do use some groups and geocities -- been using both of those since before yahoo took them over.

TS

[reefdiver]

Quite the opposite, They wd have saved them.

[HAL9000]

Yahoo will take a drubbing on Monday, but they will survive and have a positive future ahead.

There were plenty of signs over the past few weeks that Microsoft was having second thoughts about this risky deal.

After Vista, and now this, it's time for Ballmer to announce his retirement plans.

[ByDesign]

Good. I was worried about what they would do to Flickr, and other services of Yahoo I use. I had just transitioned my company over to Flickr, after MS bought iView (and have done nothing but raise the price), so I was worried. It’s not over yet, but this is good news, for now.

[TommyDale]

"...Microsoft should stick to software and forget content."

LOL! Microsoft should go into insecticide development, their products are so buggy.