Whoops! Microsoft and Yahoo Deal is OFF.
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What many thought to be the biggest deal between two heavyweights, Microsoft and Yahoo, is offiically over.
Long story short, talks broke down as Yahoo refused to budge from their $37 per share requirement (MS would "only" go as high as $33). Clearly something changed with Microsoft as TechCrunch put it:
Microsoft is making it clear that this is not just a breakdown in discussions between the companies. They are withdrawing their earlier bid and are saying they will not go hostile. They’re walking away cleanly from the deal.
Seems to be the consenus from many that this idea was never too popular in the first place, probably no harm, no foul. See Dieter's excellent coments back in Feb as to why this deal never made much sense.
