Sunday, May 04, 2008

Microsoft Withdraws Yahoo Offer After Attempt to Bridge Gap in Price - WSJ.com

I sense this story is not over yet -- although if Yahoo! next sells its soul to Google in a partnership for a short-term revenue boost, that'll likely be the definitive end of the Microsoft/Yahoo! permutation.

Mr. Ballmer, Microsoft Platforms & Services Division President Kevin Johnson, Mr. Yang and Yahoo co-founder David Filo met at the airport in Seattle Saturday morning in a last-ditch effort to reach a negotiated agreement, say people familiar with the matter. Yahoo had reduced its asking price to $37 a share, the people say.

After a lengthy meeting during which price and strategy were discussed, Messrs. Yang and Filo returned to California, expecting Microsoft might counter with another offer, according to a person familiar with the matter.

Microsoft Withdraws Yahoo Offer After Attempt to Bridge Gap in Price - WSJ.com

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