Microsoft - Yahoo deal failure
Microsoft announced that it was ready to increase the offer for Yahoo, from $31 to $33 per share, adding $5 billion to the value of the takeover. Yahoo was seeking for further $5 billion to complete the deal, but Microsoft decided this increase would not be reflected by Yahoo’s values, so they decided to withdraw the proposal for Yahoo.
Yahoo CEO Jerry Yang said he is happy to see the back of Microsoft, and looks forward to the continuation of Yahoo’s plans of development.
Source: pcpro.co.uk
