Saturday, May 3, 2008

Yahoo and Microsoft Tandem...

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.... went 'kaput'. Microsoft announced that they are no longer interested in buying Yahoo...for now anyway. The news that Microsoft was interested in Yahoo came out in January when it was announced that they were offering some 40 billion dollars to buy. Yahoo did not bite the offer so Microsoft upped its offer to about 47 billion dollars or $33 per share from the original $31 per share.

Apparently, Yahoo wants $37 a share. Microsoft is not willing to shell out that much dough so they decided to just 'fuggedaboutit'.

So what's next with this 'saga'...not sure. There was some news not too long ago that Time Warner is also interested but nothing came out of that one. I guess it's back to the drawing boards for Yahoo now?

Yahoo News

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