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Thread: Microsoft has given up buying Yahoo!???
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[quote=JIMMYB,285833]According to the source, Microsoft has withdrawn its bid to buy Yahoo! due to price dispute. Originally, MS was going to buy Yahoo! at the expense of $47.5 billion, or $33 per share. However, Yahoo! thought that the bid didn't reach their demand, $53 billion, or $37 per share at least. "After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal," Ballmer said in the letter. "Clearly a deal is not to be." Why did MS withdraw its bid for Yahoo!? Was it just because of the price or is there any other reason? If it was true, how would it affect Yahoo! and MS? [/quote]
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