Microsoft Withdraws Offer for Yahoo

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Posted on Oct 27, 2008 @ 04:07PM  
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The Microsoft bid for Yahoo that Yahoo top brass never wanted has been rescinded. On Saturday, Microsoft CEO Steve Ballmer withdrew his company's $47.5 billion offer—an amount which jacked up Yahoo's share price to about $33. Witness the drama:

Microsoft: "I'm going to buy your company for this much. Which I think is a lot."
Yahoo: "That's not enough, even if it was for sale."
Microsoft: "Well, it doesn't seem to me like you want to make a deal."
Yahoo: "Exactly, thank you!"

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