Microsoft dropped its unsolicited bid to Yahoo

It is all over the news about Microsoft dropping their bid to Yahoo for $42.3 Billion or $31 per share. Press release have be out for both big gunners about the dismantled deal.

On Yahoo News.

Microsoft Corp. withdrew its $42.3 billion bid to buy Yahoo Inc. on Saturday, scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc.
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The decision to walk away from the deal came after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful.But Yahoo’s board demanded at least $53 billion, or $37 per share, according to Ballmer. That would have been nearly double Yahoo’s stock price of $19.18 at the time Microsoft first made its bid a little over three months ago

What do you think? I know someone who is happy with this turnaround! You know who? Google!!!!

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This entry was posted on Sunday, May 4th, 2008 at 11:57 am and is filed under MSN/SEO, Yahoo/SEO, Google/SEO, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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    • 7 Responses to “Microsoft dropped its unsolicited bid to Yahoo”

    1. Eva White Says:
      May 5th, 2008 at 5:13 am

      I am sure Google would be very happy with the turn around. I am two minds whether the deal should have struck or not.

    2. Nicole Price Says:
      May 5th, 2008 at 1:07 pm

      I do not believe that the curtain has come down finally in this story. There is likely to be new developments in the next few months.

    3. Ann Arbor Web Design Says:
      May 6th, 2008 at 7:06 am

      From day 1 it didn’t look like this deal would go through. I doubt Google was even too concerned. I was a strong supporter of Yahoo not selling out and am happy with this news.

    4. Make Money Blogging Says:
      May 7th, 2008 at 6:35 am

      Its a shame, I’d have really liked to have seen what Microsoft could have brought to the web with the aqusition of Yahoo.

    5. Vending Help Says:
      May 7th, 2008 at 9:25 am

      There seems to be a recurring pattern for Yahoo, to be left standing at the altar. Wasn’t but a few years ago they were being considered by Disney, Ebay and several others. There is no denying the power of brands, and when it comes to the internet Yahoo is second only to Google, maybe.

    6. Eve Online Isk Says:
      May 8th, 2008 at 12:45 pm

      I may be way off the mark (or not paying attention to corporate blarb) but what makes such a bid unsolicited? Don’t we live in a free world economy?

    7. Josh Says:
      May 12th, 2008 at 7:20 pm

      I am yet to convinced that MS is finally giving up on yahoo

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