Considering that most college students have a Yahoo account, they are happy with the news that Microsoft is not going to take over the Internet pioneer company. They were afraid that Microsoft was going to spoil the best company on the web. With the most recent news, Yahoo will not be added to Microsoft's property any longer.
Mr. Yang told Mr. Ballmer that Yahoo would not accept an offer below $37 a share, this person said.
“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo has not moved toward accepting our offer,” Mr. Ballmer said in a statement. “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.”
Get more right at New York Times
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment