Microsoft Pulls Offer for Yahoo

Home

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.

Skip to Comments

Comments

Facebook could be next……

Peter | May 10, 2008 5:36 AM

Add a Comment

Name:
URL:

Comment:
Markdown is enabled in comments. If you have to use HTML, we allow A HREF, B, BR, P, STRONG, EM, UL, LI, and BLOCKQUOTE.
 
Comments on this site are subject to our Terms of Service