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5:10 AM ET, May 4, 2008

Techmeme

 Top Items: 
Microsoft:
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 today announced that it has withdrawn its proposal to acquire Yahoo!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 (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo!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).
RELATED:
Yahoo!:
Yahoo! Issues Statement in Response to Microsoft  —  SUNNYVALE, Calif., May 03, 2008 (BUSINESS WIRE) — Roy Bostock, Chairman of Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:
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Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated)  —  Microsoft will announce shortly that they have withdrawn their offer to acquire Yahoo.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 …
Kara Swisher / BoomTown:
MicroHoo: The Odd Couple Meetings Led Nowhere  —  After today's events, I guess you could say Yahoo and Microsoft tried, holding a series of meetings about a possible takeover that ended up proving exactly how incompatible the companies were.  —  Kind of like Oscar Madison and Felix Unger, but not funny in any way at all.
Discussion: Valleywag and Paul Kedrosky's …
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:
Yahoo's Nightmare Scenario: I'm From Google and I'm Here to Help!  —  Here's what a top-notch source at Yahoo joked to me tonight, after Microsoft walked away from its unsolicited takeover bid to acquire the long-troubled Internet giant.  —  “Google is now officially our best friend.”  —  Oh no.
New York Times:
Microsoft Withdraws Its Bid for Yahoo  —  Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after it raised its offer by $5 billion but Yahoo rejected it as still too low.  —  The about-face followed a meeting on Saturday morning in Seattle between Microsoft's …
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 said 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.
DealBook:
Guessing Yahoo's Opening Stock Price  —  Well, Yahoo seems to have gotten what it wanted.  —  The company managed to fend off Microsoft's unwanted advances, even after the software giant sweetened its bid by $5 billion — an amount Yahoo felt still wasn't enough.
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
Michael Arrington / TechCrunch:
Yahoo's Tough Week Ahead  —  At around 4:30 California time today news broke that Microsoft has formally withdrawn its offer to acquire Yahoo (see Ballmer's email to Microsoft employees here).  —  Among other things, that ends a three month stock party where the market value of Yahoo jumped …
Yi-Wyn Yen / Fortune:
Blame it on Google  —  Microsoft CEO Ballmer said the software …
Discussion: MacDailyNews and CNNMoney.com
Dawn Kawamoto / CNET News.com:   Report: A peek behind the Yahoo-Microsoft meltdown
Michael Arrington / TechCrunch:
Email From Steve Ballmer To All Microsoft Employees
Om Malik / GigaOM:
Microsoft To Yahoo: Take a Hike!
Discussion: Mark Evans and Changing Way
Henry Blodget / Silicon Alley Insider:
Microsoft Walking From Yahoo Deal, Will Not Pursue Hostile
Ina Fried / Beyond Binary:
Microsoft says proxy battle not worth it
Discussion: paidContent.org and BloggingStocks
John Paczkowski / Digital Daily:   Ballmer to Yang: Dear Jerry, Drop Dead
BBC:
Microsoft walks away from Yahoo
Discussion: TECH.BLORGE.com
MG Siegler / VentureBeat:
Yahoo breaks the wrist, Microsoft walks away
Discussion: CenterNetworks and Profy.Com
Drew Cullen / The Register:
Microsoft walks away from Yahoo!
Discussion: HipMojo.com
 
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