Microsoft withdraws offer for Yahoo
Finally, Microsoft withdrew its offer for Yahoo. It’s good news for Google?.
Microsoft withdrew its offer for Yahoo Inc on Saturday as negotiations fell through on price, even after the software giant raised its bid by about $5 billion to $47.5 billion. Microsoft Chief Executive Steve Ballmer said his company increased its offer to $33 per share, from the $31 per share cash-and-stock bid that it initially made on January 31; however, Yahoo was looking for something more along the lines of $37 a share.
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