Microsoft issued a statement that they withdraw their offer to buy Yahoo!.
Microsoft published the letter Steve Ballmer sent to Jerry Yang. Microsoft was willing to increase the offer to $33 per share.
Because Yahoo is possibly planning to run Google Ads Microsoft is also not pursuing a hostile takeover.
Looks the 3month long story comes to an end and there will be no Yahoo acquisition in any form by Microsoft.
It will be interesting to see what now happens to Yahoo. Will they stay independent? Will Google try to bind Yahoo closer to them? Will they go out of business? Will some other mediapower-house swoop in and try to acquire Yahoo? Everything is possible.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
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