Computer software giant Microsoft Corp has withdrawn its bid to buy Yahoo after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion.
Microsoft's chairman Steve Balmer said Microsoft's offer was for $33 a share but Yahoo would not lower its demand below $37. Analysts say Yahoo has overplayed its hand and they expect the Web pioneer's shares US Diplomats Leave Belarus Under Pressure ...
AOL 'contemplates Yahoo approach' ...
News Corp 'in secret Yahoo talks' ...
Asian shares fall on US fears ... to fall as much as 30 percent when Nasdaq trading resumes on Monday.
(Deutsche Welle)
more info >>
<< Back