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Microsoft Withdraws Proposal to Acquire Yahoo! — Microsoft Corp. today announced that it has withdrawn its proposal to acquire Yahoo! Inc. — Microsoft Corp. (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo! Inc. (NASDAQ: YHOO).
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Epicenter, Tech Beat, All about Microsoft, Silicon Alley Insider, DealBook, Mashable!, Valleywag, Alice Hill's Real Tech News and AppScout
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Michael Arrington / TechCrunch:
Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated) — Microsoft will announce shortly that they have withdrawn their offer to acquire Yahoo. Talks between the two companies and their advisors broke down earlier today, according to a source close to Microsoft …
Ina Fried / Beyond Binary:
Microsoft pulls its Yahoo offer — Update 5 p.m. PDT: Microsoft has made its move official. Click here for the story and here for the text of a letter Ballmer sent to Yang. — Microsoft is withdrawing its offer for Yahoo after talks between the two companies broke down on Saturday, a source told CNET News.com.
Kara Swisher / BoomTown:
BREAKING: MICROSOFT WALKS — After a months-long standoff, Microsoft (MSFT) has abandoned its bid for Yahoo (YHOO), people involved in the discussions today. — Microsoft confirmed to BoomTown that talks between the two companies, which have been taking place all week, collapsed Saturday when they could not agree on a price.
New York Times:
Microsoft Withdraws Its Bid for Yahoo — Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price. — The breakdown in the talks followed a meeting on Saturday morning in Seattle between Microsoft's chief executive …
MG Siegler / VentureBeat:
Yahoo breaks the wrist, Microsoft walks away — Microsoft is pulling its offer to buy Yahoo and walking away, a source tells CNET [it is now confirmed, update below]. The two sides, which had been in negotiations this weekend hoping for a deal, possibly as early as next week …
Paul Kedrosky's Infectious Greed:
Analysis of the Microsoft Decision, Plus Yahoo's Hari-Kari — Here is my first cut analysis of what has happened here: — On the friendly front, Yahoo drew a hard line at $37 per share, well above the $33 that Microsoft now says it told Yahoo this week it was willing to go
Ina Fried / Beyond Binary:
Microsoft says proxy battle not worth it — Microsoft officially pulled its offer for Yahoo on Saturday, confirming an earlier report by CNET News.com. — In a letter to Yahoo's CEO Jerry Yang, Microsoft chief Steve Ballmer confirmed that Microsoft was willing to offer $33 a share …
Drew Cullen / The Register:
Microsoft walks away from Yahoo! — Yahoo! Google strategem pays no dividends — Microsoft today abandoned attempts to buy Yahoo!, after a short weekend of negotiations in which it raised its offer by $5bn to $33 a share. — Microsoft still thinks the deal makes sense but not at the price that the Yahoo! board wants.
Discussion:
HipMojo.com
Jon Stokes / Ars Technica:
Intel: “Web 2.0"-style cloud computing just a passing vapor — Let's say that you're Intel, and you spent $5.5 billion in capital expenditures in 2007, much of it on the 45nm transition, and all of it for the purpose of beating rivals at delivering performance-per-watt increases across a range …
Hollywood Newsroom:
Exclusive: Tom Cruise buys Google Adwords, to launch new web site. In two days, his official web site TomCruise.com is gonna... ITEM: Tom Cruise is buying Google Adwords. His Scientology handlers must be working on his SEO optimization; type in “Tom Cruise” in Google Search …
Steven Musil / CNET News.com:
Cubans line up to buy their first legal PCs — Perhaps the days of looking at Cuba as the island that technology forgot are beginning to wane. — Late last month, President Raul Castro's government lifted the ban on ordinary citizens from owning a cell phone and getting cell service …
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Will Weissert / Associated Press:Cuba puts first computers on sale to the public
Discussion:
CrunchGear
