Microsoft Withdraws Its Bid for Yahoo

Posted by Karim Baz

May 4, 2008

Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price.
The breakdown followed a meeting in Seattle on Saturday morning between Microsoft C.E.O. Steven A. Ballmer, Microsoft’s chief executive, and Yahoo C.E.O. Jerry Yang, Yahoo’s co-founder and chief executive.

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