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Microsoft no more interested in Yahoo: CEO

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    • Reuters Tags : technology, world, microsoft yahoo deal, ballmer, yang Posted: Friday , Nov 07, 2008 at 0918 hrs Sydney, November 7::
    Microsoft
    Software giant Microsoft dismissed speculation it might still be interested in a takeover of Yahoo.

    Software giant Microsoft Corp on Friday dismissed speculation it might still be interested in a takeover of Internet firm Yahoo Inc.

    "We made an offer, we made another offer...We have moved on," Microsoft Chief Executive Steve Balmer told a luncheon when asked for the firm's plans after a partnership between Yahoo and Google Inc fell through this week.

    Microsoft had abandoned an unsolicited $47.5 billion bid for Yahoo in May.

    Balmer's comments come two days after Yahoo shares surged on after a rumor posted on a blog said Yahoo and Microsoft were in advanced talks to sell the company for between $17 and $19 a share. The blog also reported that Yahoo's Chief Executive Jerry Yang would step down from his CEO position.

    Yahoo officials later said the report was untrue.

    Yahoo shares ended Thursday at $13.96, far below the $31-a-share Microsoft originally offered, and the company has come under severe criticism from investors for turning down the software giant's offer.

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    Earlier this week, Yahoo's Yang said he believed a deal between Microsoft and Yahoo was still the best option for the software company.

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    Microsoft is fighting for survival, how can it spend now ?By: Madhumita Chakraborti | 07-Nov-2008 Reply | Forward When Microsoft itself has started feeling the heat with recession now, especially when almost every hardware manufacturer is offering machines pre-loaded with FreeDOS or GNU Linux versions, how can one expect the company to spend and save another one ? With KDE4 released, all the GNU/Linux variants are appearing brilliant and full-featured. These moves has hit the company so hard that its founder-chief and family is out on health-initiatives across the globe - trying to create backdoors so that they can make government invest in Microsoft, allow educational curriculum to be untouched on Microsoft and keep GNU/Linux far away from being taught at schools. Its easy to bribe Indian bureaucrats - they will succumb to mere dinners. Plus also keep the tax-hunters at Microsoft's Gurgaon office at bay with their crores of rupees of penalty. Why can't Yahoo realise all these issues and keep quiet.
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