Microsoft withdraws bid for Yahoo

By Rick McCharles on May 3, 2008 8:40 PM | | Comments (0)
CNN is reporting that Microsoft has abandoned its attempt to acquire Yahoo.

"After careful consideration, we believe the economics demanded by Yahoo (YHOO, Fortune 500) do not make sense for us," said Microsoft (MSFT, Fortune 500) CEO Steve Ballmer.

Have to hand it to John C Dvorak who has insisted from the beginning, despite the popular view, that this deal made no sense and that it would never happen.

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This page contains a single entry by Rick McCharles published on May 3, 2008 8:40 PM.

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