Finally....Microsoft walks out of the Yahoo deal
Due Credit:
Zdnet
Microsoft CEO Steve Ballmer walked away from his bid for Yahoo and left numerous questions dangling.Now what next for Microsoft,and who was the real winner of this long drawn saga?Not hard to guess,but the google guys can afford to have a big smile on their faces now.
According to the Yahoo press release Jerry Yang, co-founder and chief executive officer of Yahoo told that "With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users."
The Microsoft press release on the other hand had Steve Ballmer saying that "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,Â
According to the Yahoo press release Jerry Yang, co-founder and chief executive officer of Yahoo told that "With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users."
The Microsoft press release on the other hand had Steve Ballmer saying that "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,Â
