Terry Olaes
I Used to be the [H] News Guy
- Joined
- Nov 27, 2006
- Messages
- 4,646
Looks like the pundits that thought Microsoft would increase their bid were wrong. Microsoft just withdrew the offer, citing that Yahoo wanted too much money.
"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," said Ballmer.