Sunday, May 04, 2008

Microsoft Bid for Yahoo Withdrawn - New York Times

Is $4/share (about 12%) really the end? From the New York Times
The talks culminated in a final meeting on Saturday in which Mr. Yang flew to Seattle to meet with Mr. Ballmer. Mr. Ballmer stuck to his $33 price, and Mr. Yang said Yahoo’s board would accept $37 a share. Hours later, Mr. Ballmer sent Mr. Yang the letter saying Microsoft would withdraw its bid.

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