Breaking News: Microsoft walking away from attempt to purchase Yahoo!

Filed as Features, News on May 3, 2008 6:06 pm

by Matt Craven

MSNBC and others are reporting that Microsoft has walked away from its attempt to purchase Yahoo!, according to a spokesperson from Microsoft.

No official statement has yet been released – but a written statement from Microsoft CEO Steve Ballmer is expected shortly.

Update: Microsoft appears to have backed away after Yahoo CEO Jerry Yang requested $53/share to a buyout of Yahoo. You can read Ballmer’s letter to all Microsoft employees over at TechCrunch.

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  1. By Robert posted on May 3, 2008 at 6:43 pm
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    How mad is Ballmer today? I bet he could back up to a pine tree and eat the bark off with his butt cheeks.

  2. By Darnell Clayton posted on May 3, 2008 at 7:07 pm
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    Just saw this on TechCrunch, and after twittering Mike he thinks the stock is probably going to drop (for Yahoo! that is).

    While I am happy about this, this means Yahoo! is going to face some mighty lawsuits in the future, none of them good.

    ~Darnell

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