May 3 2008

Microsot Walks Away From Yahoo

Microsoft-YahooWell, the party is over.

Microsoft had finally upped their offer to $33 a share from the $31 they initially offered, but it seems Yahoo wanted $37 a share.  Steve Ballmer finally decided it wasn’t worth the games, not the protracted fight it was going to be, so he has opted to move on, leaving Yahoo to their own devices.

Where does either company go from here?  Who knows, probably plodding along on the same paths they already were.  I still can’t quite grasp why Microsoft wanted this deal so bad, but that si for them to know and the rest of us to never learn.  I for one am just glad this is over so it won’t be in the news every five minutes.

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