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.
Peyton Manning Fined For Taunting D.J. Swearinger
Denver Broncos quarterback Peyton Manning was fined $8,268 for taunting on Aug. 28. Manning got in Houston Texans safety D.J. Swearinger's face after the former converted on a 29-yard touchdown pass to Broncos wide receiver Emmanuel Sanders in the second quarter of their preseason game on Aug. 23.
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.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.