Microsoft chief executive Steve Ballmer has said the company will not look to buy Yahoo but would still consider a search deal.Speaking at the internet company's annual general meeting Ballmer said, "We are done with all acquisition discussions with Yahoo".Yahoo first rejected Microsoft's $47.5bn (£32bn) takeover bid in February and also turned down an offer for the search engine alone.Ballmer's comments come after speculation this week that Microsoft may re-enter talks with Yahoo following the resignation of co-founder Jerry Yang as CEO.Earlier this month Google abandoned its paid search advertising deal with Yahoo after the US Justice Department said it would seek to block the partnership.Yahoo shares dropped to $9.14 (£6.15) - its lowest in more than five years - following Ballmer's comments.
Monday, November 24, 2008
Steve Ballmer maintains Yahoo acquisition deal is over
Microsoft chief executive Steve Ballmer has said the company will not look to buy Yahoo but would still consider a search deal.Speaking at the internet company's annual general meeting Ballmer said, "We are done with all acquisition discussions with Yahoo".Yahoo first rejected Microsoft's $47.5bn (£32bn) takeover bid in February and also turned down an offer for the search engine alone.Ballmer's comments come after speculation this week that Microsoft may re-enter talks with Yahoo following the resignation of co-founder Jerry Yang as CEO.Earlier this month Google abandoned its paid search advertising deal with Yahoo after the US Justice Department said it would seek to block the partnership.Yahoo shares dropped to $9.14 (£6.15) - its lowest in more than five years - following Ballmer's comments.
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