Thread: Yahoo snubbed by Microsoft

Everyone seem to be snubbing Yahoo this week, Google pulled out of advertisement agreement it wanted to enter with Yahoo and now Microsoft chief executive said he is not interested in bidding for Yahoo any more, excerpts:

Yahoo Inc. shares dived nearly 13 percent after the chief executive of Microsoft Corp. said Friday the software giant is not interested in renewing its bid for the struggling Internet company.

Microsoft's Steve Ballmer told a business lunch in Sydney that he had moved on after Yahoo rejected its takeover bid in the spring. He did suggest a partnership in the search engine market is possible.

"We made an offer, we made another offer, and it was clear that Yahoo didn't want to sell the business to us and we moved on," Ballmer said. "We are not interested in going back and re-looking at an acquisition. I don't know why they would be either, frankly. They turned us down at $33 a share." source

That is an interesting news, is now on is own...