Microsoft withdraws Yahoo bid

Expect the Google/Yahoo merger any day now...

NEW YORK (CNNMoney.com) -- Microsoft Corp. said Saturday it has withdrawn its proposal to acquire Internet portal Yahoo Inc.

In a statement, Microsoft (MSFT, Fortune 500) CEO Steve Ballmer said "After careful consideration, we believe the economics demanded by Yahoo (YHOO, Fortune 500) do not make sense for us."

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Posted: May 3, 2008 by Scott McDaniel
Tags: links, microsoft, news, yahoo
Short URL: http://bit.ly/2g8v1b

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