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Post details: Microsoft withdraws Yahoo offer

Sunday, May 4th, 2008

Microsoft withdraws Yahoo offer

Filed under: General News — Bryan Alexander @ 02:01:24 pm

Microsoft withdrew its offer to buy Yahoo!. In a published letter, CEP Steven Ballmer explained that Yahoo!'s price remained too high.

A hostile takeover bid could happen, but meets an objection for Microsoft. Namely, if Yahoo would partners with Google for self-preservation, such a Yahoo-Google partnership would render Yahoo "undesirable as an acquisition."

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