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MS Officially Withdraws Yahoo Takeover Bid > |
2008/05/05 8:58:46: Posted by DM | |
Microsoft has officially ceased its bid to acquire internet giant Yahoo. The takeover attempt was 33 USD per share, for a total value of 47.5 billion. The offer was rejected, and MS then threatened to start a proxy fight (a hostile takeover of sorts). It seems now though that things may just end without a war.
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Comments
Written by blacktiger on 2008/05/05
Well its a big mistake for Yahoo, but at the same time its good for consumers.... :)
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