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12:00 PM ET, May 4, 2008

Techmeme

 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Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:
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 today announced that it has withdrawn its proposal to acquire Yahoo!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 (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo!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).
DealBook:
Guessing Yahoo's Opening Stock Price  —  Update: We've added more predictions below.  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.
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.
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 …
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Yahoo's Tough Week Ahead  —  At around 4:30 California time today news broke that Microsoft has formally withdrawn its offer to acquire Yahoo (see Ballmer's email to Microsoft employees here).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.
Discussion: MacDailyNews and CNNMoney.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.
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
BBC:
Microsoft walks away from Yahoo
Discussion: Gizmodo and TECH.BLORGE.com
Ina Fried / Beyond Binary:
Microsoft says proxy battle not worth it
Discussion: BloggingStocks
 
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