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8:15 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 today announced that it has withdrawn its proposal to acquire Yahoo!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 (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo!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Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:
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 …
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.
Discussion: Silicon Alley Insider
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Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated)  —  Microsoft will announce shortly that they have withdrawn their offer to acquire Yahoo.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:
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.
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 …
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.
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 …
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.
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 …
Michael Arrington / TechCrunch:
Email From Steve Ballmer To All Microsoft Employees
Michael Arrington / TechCrunch:   Yahoo's Tough Week Ahead
Yi-Wyn Yen / Fortune:
Blame it on Google  —  Microsoft CEO Ballmer said the software …
Discussion: MacDailyNews and CNNMoney.com
Paul Kedrosky's Infectious Greed:   Analysis of the Microsoft Decision, Plus Yahoo's Hari-Kari
Om Malik / GigaOM:
Microsoft To Yahoo: Take a Hike!
Discussion: BoomTown and Changing Way
Ina Fried / Beyond Binary:
Microsoft says proxy battle not worth it
Discussion: paidContent.org and BloggingStocks
BBC:
Microsoft walks away from Yahoo
Discussion: Gizmodo and TECH.BLORGE.com
Drew Cullen / The Register:
Microsoft walks away from Yahoo!
Discussion: HipMojo.com
 
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Hollywood Newsroom:
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From Mediagazer:

Andrew Beaujon / Poynter.:
Reporter quits Sun-Times, cites ‘chilling effect in the newsroom’

Billy Penn:
Jim Brady and colleagues launch mobile-focused Philadelphia news site Billy Penn

Keith J. Kelly / New York Post:
More than 300 New York Times staffers express interest in buyouts

 
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