Top Items:
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Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:
Discussion:
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RELATED:
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 today announced that it has withdrawn its proposal to acquire Yahoo!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 (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo!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).
Discussion:
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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.
Ina Fried / Beyond Binary:
OK, so what's Microsoft's plan B? — With Yahoo apparently off the table, it's time to see what Microsoft's back-up plan looks like. — Microsoft has said for some time that it has a strategy with or without Yahoo, but it's a strategy clearly in need of a jump-start.
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.
Wall Street Journal:
Microsoft Withdraws Yahoo Offer After Attempt to Bridge Gap in Price — Microsoft Corp. said it abandoned its offer for Yahoo Inc., as the two companies failed to bridge a gap between them on price. — Microsoft Saturday released a letter from Chief Executive Steve Ballmer …
Dawn Kawamoto / CNET News.com:
Report: A peek behind the Yahoo-Microsoft meltdown — Curious how Microsoft's multi-multi-multi-billion dollar buyout bid for Yahoo sputtered, then crashed? — Kara Swisher's BoomTown column in All Things Digital has an interesting account of the missteps, sidesteps …
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.
Discussion:
Groundswell
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 giant decided to walk away from a bid because Yahoo would become ‘undesirable’ if it formed an alliance with Google. — (Fortune) — Google proved to be the final straw that broke Microsoft CEO Steve Ballmer's back.
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
Discussion:
broadstuff
Michael Arrington / TechCrunch:
Email From Steve Ballmer To All Microsoft Employees — The following email was sent to all Microsoft employees from CEO Steve Ballmer at 5:17 pm PDT (see Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal): — To: “Microsoft - All Employees (QBDG)”
Michael Arrington / TechCrunch:Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated)
Ina Fried / Beyond Binary:Microsoft pulls its Yahoo offer
Discussion:
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