Microsoft Pulls Offer for Yahoo

Microsoft says proxy battle not worth it: And that’s the end of that.

In a letter to Yahoo CEO Jerry Yang, Microsoft chief Steve Ballmer confirmed that Microsoft was willing to offer $33 a share, but that Yahoo was holding out for at least $37 a share, or $5 billion more than Microsoft was prepared to spend. In the letter, Ballmer also says he is ruling out a direct offer to shareholders.

Deane | May 4, 2008
See Also: Microsoft, Yahoo

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Facebook could be next……

Peter | May 10, 2008 5:36 AM

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