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

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.

This post was written by

You can visit the for a short bio, more posts, and other information about the author.

Submissions & Subscriptions

Submit the post to Reddit, StumbleUpon, Digg or Del.icio.us.

Did you like it? Then subscribe to our RSS feed!



  1. By Robert posted on May 3, 2008 at 6:43 pm
    Want an avatar? Get a gravatar! • You can link to this comment

    How mad is Ballmer today? I bet he could back up to a pine tree and eat the bark off with his butt cheeks.

    Reply

  2. By Darnell Clayton posted on May 3, 2008 at 7:07 pm
    Want an avatar? Get a gravatar! • You can link to this comment

    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

    Reply

    Your words are your own, so be nice and helpful if you can. If this is the first time you're posting a comment, it might go into moderation. Don't worry, it's not lost, so there's no need to repost it! We accept clean XHTML in comments, but don't overdo it please.