People@TGDaily

10 things you didn't know about...
Read more at
   SmallNetBuilder.com
Try our new and free
Price Comparison Service
Microsoft walks away from Yahoo deal PDF Print E-mail
Business and Law
By Wolfgang Gruener   
Thursday, June 12, 2008 16:38
If there were any hopes left that Yahoo and Microsoft would find a way to renegotiate a possible acquisition of Yahoo, they were squashed today.

Yahoo said that discussions with Microsoft “regarding a potential transaction - whether for an acquisition of all of Yahoo or a partial acquisition - have concluded.” Yahoo said that company representatives met on June 8, during which both parties “unequivocally [stated] that Microsoft is not interested in pursuing an acquisition of all of Yahoo, even at the price range it had previously suggested.”

Yahoo's Board of Directors said it has determined that the previously proposed a transaction “would not be consistent with the company's view of the converging search and display marketplaces” and would leave the company without an independent search business that it views as critical to its strategic future.
Comments (1)Add Comment
Jun 13, 2008 05:29     

Write comment
smaller | bigger

busy
Recommend article:
Slashdot
Digg
Delicious
Technorati
YahooMyWeb
Stumble
NewsVine
Ma.gnolia
Subscribe to the TG Daily Newsletter
Email:
 

Shop Keywords: Microsoft, Yahoo

-view -business -122 --122
Powered By Page_Cache by Ircmaxell
Generated in 3.69991087914 Seconds