Microsoft abandons Yahoo bid

Thi came as surprise.. according to a letter from Microsoft Chief Executive Steve Ballmer to Yahoo Chief Executive Jerry Yang. But Yahoo demanded at least $53 billion, or $37 per share, according to Ballmer. That would have been nearly double Yahoo’s stock price of $19.18 at the time Microsoft first made its bid a little […]

Microsoft Increased Bid for Yahoo

Domain news reports: As promised, we are keeping you up to date on this developing story…  As  we reported yesterday, Microsoft Chief Executive Steve Ballmer had held firm with the original offer, insisting it was fair in light of Yahoo’s eroding profits during the past two years. He threatened an attempt to oust Yahoo’s board […]

Google: Microsoft Acquisition of Yahoo would be “Bad for the Internet”

In a report published on Monday, Google said it was concerned about the free flow of information on the Internet if Microsoft was to succeed in acquiring Yahoo.“We would be concerned by any kind of acquisition of Yahoo by Microsoft,” Chief Executive Eric Schmidt told reporters. “We would hope that anything they did would be […]