Microsoft says "no" to Yahoo buy-out, only wants search deal

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Microsoft says "no" to Yahoo buy-out, only wants search deal

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Alex

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Microsoft says "no" to Yahoo buy-out, only wants search deal

« Posted: November 20, 2008, 08:16:22 AM »

Microsoft says "no" to Yahoo buy-out, only wants search deal

Microsoft told Yahoo today that it is not interested in a takeover of the company, and only interested in making a search engine deal with the company. The decision came from Steve Ballmer, the new CEO of Microsoft. The shocking announcement made Yahoo's stocks plummet to $9.14 a share, from $11.57. Steve Ballmer told Yahoo that it was only interested in a search engine only deal, and would not be interested in a takeover of the company. The original offering of $33 a share to purchase Yahoo was turned down by Jerry Yang, back in early May. The renegotiation's of Microsoft to acquire Yahoo came about after the announcement that Jerry Yang, the former CEO of Yahoo stepped down. Read full story...

http://feedproxy.google.com/~r/neowin-main/~3/fDXNE2JhbW4/microsoft-says-no-to-yahoo-buy-out-only-wants-search-deal


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