Microsoft No Longer Buying Yahoo

May 3rd, 2008 Posted By Pat Dollard.

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SEATTLE (AP) - Microsoft says it’s dropping its three-month-old bid to buy Yahoo because the two sides can’t agree on an acceptable sale price.

Microsoft Chief Executive Steve Ballmer says in a letter sent to Yahoo on Saturday that the software maker was willing to pay $47.5 billion for Yahoo. That’s $33 per share.

Ballmer says Yahoo insisted that Microsoft pay at least $53 billion. That’s $37 per share.

Microsoft’s original offer was $44.6 billion, or $31 per share.


2 Responses

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  1. Dan (The Infidel)

    Good. And we ain’t buying VISTA. F*ck M$’s OEM contracts too. Better add two more years onto that phase out of XP Billy.

    May 3rd, 2008 at 7:19 pm
  2. jgee

    SELL!!

    May 3rd, 2008 at 8:44 pm

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