Microsoft Withdraws Proposal to Acquire Yahoo


	Microsoft Withdraws Proposal to Acquire Yahoo

einbar

5-4-2008 11:45 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2abc219e-f50e-432c-be3e-3cdf508b4213/112A186F-7BFC-4724-A632-81C2C6FCB355/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://online.wsj.com/public/us?mod=topnav_3_0513" href="http://online.wsj.com/public/us?mod=topnav_3_0513" style="font-size: 11px;">online.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/public/us?mod=topnav_3_0513"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/online.wsj.com/img/5CB44D1C-4D73-483C-8970-8CE36FA66D77" alt="[Go to article.]" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/public/us?mod=topnav_3_0513">Microsoft's failed courtship of Yahoo leaves the software giant with limited 
options for achieving its strategic goal of expanding its presence online, while 
Yahoo now hopes to seal a broader search-ad pact with Google. <A class=arial 
href="http://online.wsj.com/article/SB120994677849266191.html?mod=hpp_us_whats_news"><B>The</B></A></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content9.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx" href="http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx" style="font-size: 11px;">www.microsoft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx">
<H2 class=subtitle>Microsoft Corp. today announced that it has withdrawn its 
proposal to acquire Yahoo! Inc.</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx">“We continue to believe that our proposed acquisition made sense for Microsoft, 
Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! 
was to provide greater choice and innovation in the marketplace and create real 
value for our respective stockholders and employees,” said Steve Ballmer, chief 
executive officer of Microsoft</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx">
<P>Below is the text of the letter from Microsoft CEO Steve Ballmer to Yahoo! 
CEO Jerry Yang. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/112A186F-7BFC-4724-A632-81C2C6FCB355/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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