Microsoft Withdraws Its Bid for Yahoo

Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price.
The breakdown followed a meeting in Seattle on Saturday morning between Microsoft C.E.O. Steven A. Ballmer, Microsoft’s chief executive, and Yahoo C.E.O. Jerry Yang, Yahoo’s co-founder and chief executive. This was predicted by when it first was annonnced. thanks to Digg for this story.

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