Microsoft Walks Away From Yahoo
Microsoft announced that it has abandoned its high profile effort to purchase Yahoo after the two companies failed to reach an agreement on a suitable selling price after several days of intense negotiations.
Back on Feb 1, Microsoft went public with a $44.6 billion dollar bid for Yahoo, which would have instantly created a dominant force in the surging online advertising space. Yet despite raising its bid by nearly $5 billion, Microsoft will come away empty handed as Yahoo’s executives were said to be seeking a higher price for the embattled company.
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