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By Merv | 05 May 2008 | Comments (0)
The multi-billion dollar drama which started back in February between Microsoft and Yahoo came to an end yesterday with Microsoft withdrawing its bid, proposal and any intentions to pursue acquisition of Yahoo. “Excessive demands” on the part of Yahoo was cited as a reason. This comes after close to 3 months of bids, counter bids and suggestions of a hostile takeover. Report and full withdrawal letter for your reading pleasure here.
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