Cinco de Uh-Oh for Microsoft, Yahoo

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Cinco de Uh-Oh for Microsoft, Yahoo

By Adam Myers ⋅ May 5, 2008 ⋅

Microsoft and Yahoo, like Romeo and Juliet, it just wasn’t meant to be. The courtship came to an end on Saturday when Microsoft yanked its proposal to Yahoo, saying the struggling Internet giant refused to budget on its requested selling price - even after Microsoft upped it’s original offer by 5 billion. Thus the love story ended, with no chance of any Microhoo children. Pity.

“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. 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,” said Steve Ballmer, CEO of Microsoft in a prepared statement.

“I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares. By failing to reach an agreement with us, you and your stockholders have left significant value on the table …. But clearly a deal is not to be,” Ballmer wrote.

I’ve got a strong feeling this saga isn’t quite over with. Any rebound girls available?

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