Microsoft Yanks Its Offer For Yahoo
May 9th, 2008 by
Microsoft has decided to withdraw its offer for Yahoo and not pursue a hostile takeover bid, according to a letter from Microsoft CEO Steve Ballmer, just released: “Clearly a deal is not to be.” This marks an amazing turn in the MicroHoo drama. When the acquisition bid was first announced in February, it was discussed by Microsoft’s executives as though concluding the deal was only a matter of formality. (Postscript: See also Yahoo’s response and related discussion to both on Techmeme here and here).
It’s not entirely clear if this marks the end of the whole episode, but it certainly appears to (at least on the surface.) A skeptic might see this as a power play to deflate Yahoo’s stock and then come back with a tender offer or another try to buy the company in a weakened state.
This entry was posted on Friday, May 9th, 2008 at 10:34 pm and is filed under seo news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.