Microsoft walks away from Yahoo BBC Business

Mr Ballmer said Microsoft had raised its original offer from . bn to . bn . bn per share. But he added that Yahoo had insisted on at least bn or a share more than Microsoft was prepared to pay. The software giant had wanted to do a deal to be able to compete with Google which dominates the lucrative market for internet advertising. Microsoft s new leadership will have to prove it can deliver a web offering that can ultimately substitute the profits generated by cash cows Windows and Office Tim Weber Business editor BBC News website Analysis Microsoft with Yahoo dot.life blog Q A End of Microsoft s bid This market was worth bn in and is predicted to double to bn by . Distraction In his letter to Mr Yang which has been posted on the Microsoft website Mr Ballmer said We continue to believe that our proposed acquisition made sense for Microsoft Yahoo and the market as a whole. Despite our best efforts including raising our bid by roughly bn Yahoo has not moved toward accepting o! ur offer. After careful consideration we believe the economics demanded by Yahoo do not make sense for us and it is in the best interests of Microsoft stockholders employees and other stakeholders to withdraw our proposal. Mr Ballmer also told Yahoo s boss that he would not pursue his original plan B of launching a hostile takeover battle because Mr Yang would take steps that would make Yahoo undesirable as an acquisition for Microsoft . Mr Ballmer told his own employees that Microsoft could achieve its goals without Yahoo albeit at a slower pace. Yahoo maintained that Microsoft had offered too little to buy the company. In a statement issued after Microsoft s withdrawal Yahoo chairman Roy Bostock dismissed the unsolicited bid as a distraction . Microsoft s shares closed on Friday virtually unchanged at . . Yahoo s shares were . higher at . amid expectations of a higher Microsoft offer. The BBC s Peter Bowes says analysts believe the breakdown in talks may have an adverse a! ffect on Yahoo shares and generate uncertainty among investors about the company s management. E mail this to a friend Printable version Bookmark with Delicious Digg reddit Facebook StumbleUpon What are these MICROSOFT S BID FOR YAHOO Latest News Microsoft walks away from Yahoo Google and Yahoo share web ads Yahoo lukewarm on Microsoft bid ANALYSIS Walking away Who loses most in Microsoft s failed Yahoo bid Q A Why the deal collapsed Searching for the next big thing Profiles Microsoft and Yahoo Google s might drove the bid VIDEO ON DEMAND Should Microsoft buy Yahoo BT on Microsoft bid for Yahoo SHARE PRICE CHECK Microsoft Yahoo Google RELATED INTERNET LINKS Microsoft Yahoo The BBC is not responsible for the content of external internet sites TOP BUSINESS STORIES Microsoft walks away from Yahoo Buffett sees credit crisis easing UK bosses issue warning on taxes MOST POPULAR STORIES NOW E MAILED READ WATCHED LISTENED The Boris Johnson story Microsoft walks away from Yahoo Vivaldi work revived years on Labour will recover says Brown Bob Marley s f! amily on Welsh roots Most popular now in detail E MAILED READ WATCHED LISTENED Austria cellar man mentally ill Two boys in car died violently Buffett sees credit crisis easing Mystery over Mariah wedding story Burma cyclone death toll at Most popular now in detail E MAILED READ WATCHED LISTENED Fritzl s sister in law talks Cyclone Nargis hits Burma War tunnels opened in France The life of Josef Fritzl Lost Vivaldi opera performed Most popular now in detail FEATURES VIEWS ANALYSIS Walking away Who loses in Microsoft s failed Yahoo bid In pictures Olympic torch relay reaches China s tropical Hainan Magical minaret The Afghan architectural jewel under threat PRODUCTS SERVICES E mail news Mobiles Alerts News feeds Podcasts Explore the BBC Home Popular links The Apprentice Doctor Who season BBC links A to F BBC iPlayer CBBC CBeebies Food BBC links H to L Health History Learning Local Nations BBC links M to Sc Music News Radio Science Nature BBC links Sp to W Sport TV Weather A w! hole lot more To top Site Links News Sources About BBC News BBC Links About the BBC BBC Help Contact Us Accessibility Help Terms of Use Jobs Privacy Cookies Advertise with us MMVIII The BBC is not responsible for the content of external internet sites. This page is best viewed in an up to date web browser with style sheets CSS enabled. While you will be able to view the content of this page in your current browser you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets CSS if you are able to do so

Source: http://news.bbc.co.uk/2/hi/business/7382572.stm

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