According to a
letter from Microsoft’s CEO, Steve Ballmer, Microsoft has decided to withdraw
its offer for Yahoo and not pursue a hostile takeover bid (“Clearly a deal is not
to be”). This marks an amazing turn in the MicroHoo drama. In February when the
bid was first announced, it was discussed by Microsoft’s executives as though
concluding the deal was only a matter of formality.
It’s not completely clear if this marks the end if the whole
episode, but certainly appears to be. Click here to read more…