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Microsoft walks away from Yahoo

A spokesman for Microsoft says the software giant is walking away from its offer to buy Yahoo, various reports say.

Here's the press release by Microsoft, along with the text of a letter from Microsoft CEO Steve Ballmer to Yahoo CEO Jerry Yang.

Posted by at May 3, 2008 5:00 p.m.
Comments
#124702

Posted by ffextensionguru at 5/3/08 5:07 p.m.

Microsoft didn't seem to put up that much of a fight...

#124727

Posted by Ted Fleming at 5/3/08 6:30 p.m.

This is news?

Must be a slow news day.

#124867

Posted by unregistered user at 5/4/08 10:24 a.m.

Yep, Ted, it *is* news when Microsoft actually makes a smart decision. Otherwise, it's business as usual.

#124915

Posted by TKing at 5/4/08 3:32 p.m.

Jerry Yang is an egotistical fool.

His shareholders will never see $33 share in value again and they may make him pay for it.

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