Yesterday evening, Microsoft withdrew its bid for Yahoo, which had increased to $42.3 billion. According to an MSNBC.com article, Microsoft was willing to go up to $47.5 billion, but Yahoo demanded at least $53 billion. There was talk of a hostile takeover by Microsoft, but Microsoft CEO, Steve Ballmer, felt that such a move would not be “sensible”. Ballmer went on to state that Microsoft has a “talented team” and although Yahoo would have helped “accelerate” Microsoft’s strategy, he felt “confident that we [Microsoft] can continue to move towards our goals.”
Microsoft has been in a protracted battle with Google, a company that has been eating away at Microsoft’s dominance with a whole suite of Web-based applications, and Yahoo would (supposedly) have been a valuable tool for the Redmond-based software maker to go up against the Internet search giant.
With the deal behind them, it will be interesting to see what direction both Microsoft and Yahooo now take.
Filed under: Computers, Microsoft, Technology Tagged: | Google, Microsoft, MSNBC, Redmond, Steve Ballmer, Yahoo!
Oh! Thank for nice post about Microsoft/Yahoo deal falls through. If you want share more about this topic, you can read it at http://forum.techwoo.com/#8730_microsoftyahoo_deal_falls_through