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Microsoft withdraws Yahoo bid


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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 said Saturday it has withdrawn its proposal to acquire Internet portal Yahoo Inc.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.”

via CNN




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