Microsoft Withdraws Its Bid for Yahoo!

Color me shocked! Microsoft has withdrawn it’s bid for Yahoo!.

No one will know until Monday what affect this decision will have on both Microsoft’s and Yahoo!’s stock price. I am, by no means, facile in the ways of the business world but to me, this shows a surfeit of tenacity and strength on Yahoo!’s part and a dearth of both on the part of Microsoft. But I’m biased. (@NYT, via Daring Fireball)


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[...] answer to my question over the weekend: Yahoo ↓$4.74 to $23.93, Microsoft ↑$0.55 to [...]

Posted by Dan Markham - The Answer on 5 May 2008 @ 8am

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