Old 05-03-2008, 06:50 PM Offline   #1 (permalink)



 
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Default Microsoft Withdraws Bid for Yahoo!

Microsoft withdrew its $42.3 billion bid to buy Yahoo Saturday after last-ditch efforts to come to terms on a price proved unsuccessful. Microsoft was willing to pay $33 a share, but Yahoo wanted $37. "Clearly a deal is not to be," Microsoft CEO Steve Ballmer wrote in a letter to Yahoo.
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