Microsoft's Failed Yahoo Bid

[megri]

Microsoft Corp.'s decision to drop its pursuit of Yahoo! Inc. increases the pressure on Chief Executive Officer Steve Ballmer to make his money-losing Internet business succeed against Google Inc.
Ballmer's bid for Yahoo, the most-visited Web site, signaled that Microsoft was making little progress against Google in Internet search advertising, said Charles Di Bona, a Sanford C. Bernstein analyst. Ballmer withdrew his bid over the weekend after Yahoo refused a sweetened offer of almost $50 billion, leaving investors asking what his online strategy will be.

[sweetfranky]

I'm Glad this happened, I really hope Yahoo goes backrupt in the next few years.

[eventcrasher]

nice information.

[Brown Dan]

Good source of information. Do post such contents which increments in 'bank of knowledge'.

[Russell]

Thanks for sharing this info with us........

[swatisood47]

Nice information thanks for sharing it. There was a time when yahoo was on top other search engines were struggling hard to survive but when Google came in the race even yahoo facing bad time now as Google is very user friendly in comparison to yahoo or any other search engine.

[Garima Sharma]

Yahoo confirmed that it has received an unsolicited offer and said that its board would evaluate the proposal, "carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders.