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Re: Microsoft offer to buy Yahoo
Now they've given up altogether, not even going for a hostile bid...
Quote:
"After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal."
Mr Ballmer also told Yahoo's boss that he would not pursue his original plan B of launching a hostile takeover battle, because Mr Yang would "take steps that would make Yahoo undesirable as an acquisition for Microsoft".
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The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom - Isaac Asimov
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