Microsoft today withdrew it's bid for Yahoo after the two companies failed to come to an agreement on terms. Yahoo simply wanted more than Microsoft was willing to pay.
“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,” said Ballmer.
This play for Yahoo in my opinion was all about consolidating the online Ad space. There would have been little to gain from many of the other aspects of Yahoo and Microsoft would have likely had many of the service absorbed or killed off over time anyway.
The real question is has this weakend Yahoo! to the point that they will now need to find another suitor. The ad deal with Google to me seems to be the beginning of a slow death for the company that was already struggling to retain employees and profits.
What do you think is Yahoo now doomed to a slow death or will it rise from the ashes of this ordeal as a stronger company?
Posted
May 03 2008, 09:44 PM
by
Josh Phillips
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