Saturday, May 3, 2008

Is it over? Microsoft pulls bid

From the NY Times:"Microsoft said Saturday that it was abandoning its blockbuster bid toacquire Yahoo after it raised its offer by $5 billion but Yahoo rejected it asstill too low.....“Despite our best efforts, including raising our bid by roughly $5 billion,Yahoo has not moved toward accepting our offer,” Mr. Ballmer said in astatement. “After careful consideration, we believe the economics

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