Breaking: Microsoft Walks…
May 3, 2008
fter a months-long standoff, Microsoft has abandoned its bid for Yahoo, people involved in the discussions today. Microsoft confirmed to BoomTown that talks between the two companies, which began in earnest Friday, collapsed Saturday when they could not agree on a price. According to sources close to Microsoft, the talks broke down this afternoon after a face to face meeting in the Seattle area that included Microsoft CEO Steve ballmer, Microsoft exec. kevin johnson, and Yahoo co-founders Jerry Yang and David Filo. According to sources, Microsoft offered $33 a share,Yahoo countered with $37 a share. - From Boomtown
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