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Microsoft officially ends bid to buy Yahoo

Mercury News Reports: " The curtain appeared to come down Thursday on Silicon Valley's most popular business drama, as Microsoft Chairman Steve Ballmer confirmed that talks to acquire Yahoo have ended and a major shareholder advisory service said it was backing the Internet company's board.

"It didn't work out," Ballmer said during Microsoft's annual presentation to analysts. "Fine. We're done. We can move on."

RickMetrics Group, a subsidiary of ISS, one of the oldest and most influential advisory firms, endorsed Yahoo's board, which is up for re-election at the Aug. 1 annual meeting.

"It's basically game over," said Joseph Grundfest, a Stanford University law professor and co-director of the Arthur and Toni Rembe Rock Center for Corporate Governance."

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mercurynews.com

Syko 360 - moderator
Published: 518 days ago | News | PC | Industry News

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Bombibomb - 518 days ago

1 -

You can't buy everything, Microsoft.

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Highwayman - 518 days ago

1.1 -

True that...

Plus I thought it a bad move on MS's part, at least right now at the moment given the economic troubles we're in at the moment..

Personally though I wanted to see Yahoo, stay Yahoo.

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decapitator - 518 days ago

1.2 -

Word. After numerous attempts, they finally got that message. I think it was because Yahoo also started threaten them with a possible Google Merger.

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Steven Colbert - 517 days 23 hours ago

1.3 -

Google FTW

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2 La Chance | 518 days ago - User only got 1 bubble - Show

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Dark vader - 517 days 23 hours ago

2.1 -

You must be crazy if you think google is going to let themselfves get bought out.

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Wildarmsjecht - 518 days ago

3 -

Competition FTW.

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Premonition - 518 days ago

4 -

Next news i want to see : EA ends bid to buy Take Two.

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Topshelfcheese - 518 days ago

4.1 -

I wouldn't count on it. EA got 8% of the stock in the first 4months and in just the last month they got another 7%, its obvious that shareholders are starting to sell as Take Two's own stock continues to fall.

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dro - 518 days ago

5 -

in ur face m$ u really need to learn that bying is not the way to win instead of bying yahoo out of the competition go against them and google i will not be suprised if they make a bid to by google next and make a bid to by SONY :O LOL ..... DAMN M$ HAS SO MUCH MONEY !!

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Fishy Fingers - 518 days ago

5.1 -

All seriousness I don't think even MS could afford to buy Google, not that Google would even consider it. They own the internet as far as search goes. They've become synonymous with it..

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Diugu - 518 days ago

5.2 - I believe...

.. that if things continue the way they are.. it is easier for Google to buy microsoft than the other way around.

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5.3 La Chance | 518 days ago - User only got 1 bubble - Show

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v1c1ous - 518 days ago

6 - maybe now more money

can flow to the gaming department to secure some more titles :D

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bleachrulez - 518 days ago

7 - i knew it wount happen

im glad that yahoo will stay yahoo

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1stKnighT - 518 days ago

8 -

Buy Capcom and Sega instead.

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Jenzo - 517 days 22 hours ago

8.1 -

They could at least sponsor Yu Suzuki so he has enough money to make a worthy sequel to Shenmue 2 =)

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dro - 518 days ago

9 - @Fishy Fingers

yh true say but u should no ms by now they dont care if they want it they will by it or try and by it but google will obviously not let that happen. if any thing the hole industry might go against m$ with there by all tactics just like the game industry wants EA head beacuse they do the same thing take 2 better not give into EA bid.

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jaja1434 - 517 days 22 hours ago

9.1 -

Normally I'm pretty forgiving of forum grammar because it rarely interferes with the message being relayed, but holy hell Batman. I mean for the love of god take a whole 15 seconds to proof your post so that they are at least coherent.

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Jenzo - 517 days 13 hours ago

9.2 -

At least it's better than hiphopgamer. He's immune to punctuation.

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mcgrawgamer - 518 days ago

10 - the ms hate is ridiculous

in any event this hurts yahoo more so than it hurts MSFT. Yahoo knows this and the only reason this deal didn't go through was because Jerry Yang wanted to pocket more money than msft was willing to give.

Don't expect yahoo to stick around too long, especially if google adds a music solution ala yahoo music. they are done and done again.

Google FTW.

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Fishy Fingers - 518 days ago

10.1 -

I wouldn't be surprised if Yahoo don't now whore themselves out to Google.

Slags....

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dro - 518 days ago

11 - @La Chance

google has alerday done what ms/yahoo can never do to the internet. at least 85% of people has google as there homepage including me google is the internet and m$/yahoo knows that is the truth its to bad that they could not do there search engine like google,i mean google page is just simple and different but ms/yahoo page is to cramped up with news no one really wants to hear.

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kewlkat007 - 517 days 23 hours ago

12 - I never really understood why MS was going after Yahoo in the First place..

MS you are good at what you do and that is the Desktop. I understand SEARCH has become a big word in the industry looking at Google's Business model, it is very profitable.

I never really saw GOOGLE as the major threat some might claim they are but Google is not going anywhere unless it expands it business model. I'm not sure how you continue to make money off Clicks. There is no clear Business platform.

MS did the same with he Home Media Industry, with the Entertainments Division, which is doing a lot better then the MSN/News/search counterpart. They saw that there is money to be made so they might as well get a piece of that pie.

I really think the whole Internet search thing will die down and Google stocks will dwindle to normal heights.

MS should work at giving us a Great Enterprise Suites first. Leave Search alone.

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RedVsBlue - 517 days 23 hours ago

13 -

Start bidding on EA Microsoft & then you are set for the Console Wars

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JasonXE - 517 days 22 hours ago

14 - Other then

yahoo games (pool is my favorite) then why would you want yahoo?

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Dill-Schil - 517 days 22 hours ago

15 -

it would be cool if microsoft bought sony they would have the most badass console ever just let sony take care of the hardware as in reliability and well if u conbine them then people will be like whats the wii and ds id buy it highest id go would be a thousand bucks

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gchamplin - 517 days 22 hours ago

16 - Old News

Microsoft withdrew their bid to buy Yahoo a long time ago.
This withdrawal was followed almost immediately by a jump in Microsoft's stock and a drop in Yahoo's stock, the drop in Yahoo's stock has not stopped, as it is currently much lower than the bid per share that Yahoo's CEO claimed ''underfalued the company.''

Yahoo's stubborness proved a good business move for Microsoft and a potentially fatal (Unless they do something different their stock will continue to fall) move for Yahoo.

Why do you people have this hate for Microsoft? They made an attempt to buy Yahoo to challenge Google's domination of the internet advertising market as a rebuke for Google attempting to challenge the Windows Mobile market with the Google Phone (not a physical phone, but an ad driven OS for smart phones). When Yahoo denied an very legitimate offer, they rethought their situation an opted to improve in house technology to challenge google. A very smart business move. Yes, they are out to make money, but this desire makes the entire industry more competitive which leads to a better environment for the consumer, you and me.

Also, those of you claiming that Google is untouchable or that Google is in a better position to buy Microsoft than visa versa, please, do a little research on the net worth of the companies. Google's stock growth is at an all time low (currently their stock is down more than a hundred points from its peak) And is much higher than Microsofts simply because Microsoft has split it's stock several times. A wise business move which Google probably should consider doing, as it does wonders in encouraging new investors to buy.

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panasonic23 - 517 days 22 hours ago

17 - Ms need to buy

capcom- sega- epic games buy ea for god sake

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Figboy - 517 days 21 hours ago

18 - now,

can they PLEASE use that money to open up new first party studios to develop games for the 360? is that too much to ask?

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Dzpool - 517 days 20 hours ago

19 - Microsoft needs

To just use the cash they saved on this deal to buy Take-two,Epic,Ubisoft.

Think about it Gta unreal games and all of Ubisofts games exclusive to microsoft sounds like a good thing to me.

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Kyur4ThePain - 517 days 12 hours ago

20 - People ask why the hate?

When is the last time MS did anything that didn't involve buying technology?
When was the last time they actually created something?

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