Microsoft Walks Away From Yahoo
Personally, I would have been running. Yahoo has nothing I find of particular value.
Steve Ballmer had previously said that he knew what they would pay for Yahoo, and if Yahoo! wanted too much, they would walk. It looks like those boots were made for walking.
Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc.
The decision to walk away from the deal came Saturday after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful.
I bet this isn’t the last we’ve heard of this. In fact, I can guarantee it. Microsoft doesn’t walk away from anything, unless it’s labeled “customer satisfaction”. Maybe they’re just waiting for the lipovox to kick in and save a little cash?
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