BREAKING:  Microsoft Withdraws Offer For Yahoo

This story was written by Joseph Weisenthal.
Microsoft (NSDQ: MSFT) has decided to walk away from its bid for Yahoo (NSDQ: YHOO). From a statement: "Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. 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" Release More to come

By Joseph Weisenthal
  • CBSNews


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