peacebyanymeans
05-03-2008, 09:22 PM
http://www.engadget.com/2008/05/03/microsoft-pulls-bid-for-yahoo/
http://www.blogsmithmedia.com/www.engadget.com/media/2008/05/microsoft-yahoo-not-merging.jpg
Well, that's that! Microsoft has officially pulled its bid for Yahoo! -- inflated for good measure this weekend by another $5 billion -- after the company did "not move toward accepting [the] offer", asking again (http://www.engadget.com/2008/04/07/yahoo-responds-to-microsoft-ultimatum-more-money-please/) for even more (http://www.engadget.com/2008/02/09/yahoo-not-so-hot-for-microsofts-initial-bid-plans-to-reject/), another $4 bil (totaling $9b more than the original offer (http://www.engadget.com/2008/02/01/microsoft-offers-44-6-billion-for-yahoo/)). In a letter from Ballmer to Yang, he states that Microsoft also won't be looking at its option for a hostile takeover (http://www.engadget.com/2008/04/05/microsoft-threatening-more-aggressive-moves-if-yahoo-doesnt-com/), stating that Yahoo! likely "would take steps that would make [it] undesirable as an acquisition"; Ballmer then goes on to make a few backhanded criticisms of Yahoo's possible new partnerships with Google (which is no surprise). Good night, Microhoo (http://www.engadget.com/2008/02/01/poll-what-do-you-call-a-combined-yahoo-and-microsoft/), the monstrous, hamstrung, lumbering mega-merger that might have been.
Read (http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx)
Well, if you have Yahoo! stock, I'd recommend selling it first thing Monday when the market opens (you know, before everyone else does).
http://www.blogsmithmedia.com/www.engadget.com/media/2008/05/microsoft-yahoo-not-merging.jpg
Well, that's that! Microsoft has officially pulled its bid for Yahoo! -- inflated for good measure this weekend by another $5 billion -- after the company did "not move toward accepting [the] offer", asking again (http://www.engadget.com/2008/04/07/yahoo-responds-to-microsoft-ultimatum-more-money-please/) for even more (http://www.engadget.com/2008/02/09/yahoo-not-so-hot-for-microsofts-initial-bid-plans-to-reject/), another $4 bil (totaling $9b more than the original offer (http://www.engadget.com/2008/02/01/microsoft-offers-44-6-billion-for-yahoo/)). In a letter from Ballmer to Yang, he states that Microsoft also won't be looking at its option for a hostile takeover (http://www.engadget.com/2008/04/05/microsoft-threatening-more-aggressive-moves-if-yahoo-doesnt-com/), stating that Yahoo! likely "would take steps that would make [it] undesirable as an acquisition"; Ballmer then goes on to make a few backhanded criticisms of Yahoo's possible new partnerships with Google (which is no surprise). Good night, Microhoo (http://www.engadget.com/2008/02/01/poll-what-do-you-call-a-combined-yahoo-and-microsoft/), the monstrous, hamstrung, lumbering mega-merger that might have been.
Read (http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx)
Well, if you have Yahoo! stock, I'd recommend selling it first thing Monday when the market opens (you know, before everyone else does).