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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 today announced that it has withdrawn its proposal to acquire Yahoo!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 (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo!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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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.
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Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated) — Microsoft will announce shortly that they have withdrawn their offer to acquire Yahoo.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 …
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 …
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.
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)”
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
Om Malik / GigaOM:
Microsoft To Yahoo: Take a Hike! — A few days ago I had pointed out that Microsoft's bid for Yahoo was a checkmate kind of a move: Yahoo couldn't win from this attack. Today, by pulling its bid for the Sunnyvale, Calif.-based search company, Microsoft proved that again …
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
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 …
John Paczkowski / Digital Daily:Ballmer to Yang: Dear Jerry, Drop Dead
Discussion:
Terry Heaton's PoMo Blog
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 …
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
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CrunchGear
