Microhoo dead? Microsoft and Yahoo part ways – for now
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Microsoft has decided to withdraw from its bid to buy Yahoo, with Steve Ballmer citing Yahoo's demand for US $37 per share as just too much – but is the deal really dead? It had been shaping up as the tech world’s biggest ‘deal or no deal’ of 2008 – a multi-billion dollar takeover offer of Yahoo by Microsoft. But in the end, Microsoft has said ‘no deal’ and walked away, only willing to pay US $33 per share - itself a revised offer that added US $5 billion to Microsoft's original offer of US $31 per share, against Yahoo’s demand for US $37 per share.
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