Ballmer: Yahoo acquisition won’t happen
Posted in Corporate News, Microsoft on November 20th, 2008 by sunchandy – Be the first to commentA change at the helm of Yahoo won’t revive a Microsoft takeover offer, Microsoft CEO Steve Ballmer said during the company’s annual shareholders meeting on Wednesday. But he continues to leave the door open to another sort of deal with Yahoo. Microsoft is still interested in doing some sort of search collaboration deal, as it proposed before negotiations between the companies fell apart.
On Monday, Yahoo announced that CEO Jerry Yang intends to step down from that role after the company finishes its search for a successor. Yang has been heavily criticized for his resistance to Microsoft’s takeover offer earlier this year. Yang will continue to remain on the board.
http://www.macworld.com/article/136947/2008/11/yahoo_acquisition.html