Microsoft Calls Off Yahoo Bid
Many people around the country, whether or not they are directly involved in business stocks or not, have been carefully watching the interactions of Yahoo and Microsoft lately. Microsoft Corp., of Windows fame, had previously made a bit to buy out Yahoo for $33 a share. Yahoo insisted that it was worth several dollars more per share, which ultimately put the $44.6 billion dollar bid back in limbo. Yahoo was under considerable scrutiny from its shareholders, with some even filing lawsuits.
Now, Microsoft has announced that it is officially moving forward in other directions. Having tired of waiting for Yahoo to decide, or to budge on its high price demands, Microsoft recently announced that it is dropping its offer to buy internet giant Yahoo. Microsoft has a strong presence in the realm of operating systems, but pairing with Yahoo would have brought the online and offline worlds together.
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