Microsoft Withdraws Yahoo! Bid
May 4, 2008 – 10:53 amEarlier today, Microsoft finally gave up on its bid for Yahoo! Microsoft felt that Yahoo! was demanding too much, for at least US$37 per share, when it was only ready to bid at $31 per share when the offer was first made in January, 2008. FYI, Yahoo! shares closed at $28.67 on Friday, the last trading session.
Apparently, now that the deal has been called off, both parties are relieved that they can now “move on”. Yahoo! has big plans, maybe in collaboration with Goog, that was why top executives and shareholders felt that they were undervalued by Microsoft.
On the other hand, Microsoft felt that Yahoo! was asking too much, BUT with or without Yahoo!, Microsoft will continue to proceed and expand their web advertising strategies.
Of course, as a web publisher, I welcome more competitive web advertising services. It’s time to break the stranglehold of certain web companies, don’t you think so too?
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One Response to “Microsoft Withdraws Yahoo! Bid”
I heard that Yahoo! and Google are now in serious discussions to create a pact, which would leave Microsoft as the odd man out.
Rita Wilhelms last blog post..DoFollow links are now part of my blog
By Rita Wilhelm on May 6, 2008