Ballmer rules out new bid for Yahoo

[WN-Ali]

Microsoft CEO Steve Ballmer said Friday that Microsoft is "not interested" in making a new offer for internet company Yahoo, despite Yahoo's share price currently sitting at less than half what Microsoft initially offered.

Speaking at a Committee for Economic Development of Australia lunch in Sydney on Friday, Ballmer said: "Look, we made an offer, we made another offer. It was clear that Yahoo didn't want to sell the business to us, and we moved on."

Ballmer said other deals with Yahoo had also been unsuccessful. "We tried at one point to do a partnership around search, not advertising. That didn't work either, so we moved on, and they moved on."

"We are not interested in going back and re-looking at an acquisition," he said. "I don't know why they would be either, frankly."

When discussing the failed takeover, which if successful would have been one of the biggest takeovers in IT history, Ballmer said "they turned us down at $33 a share, move on."

Read the full article here.

[Chap]

Originally Posted by WN-Ali

Microsoft CEO Steve Ballmer said Friday that Microsoft is "not interested" in making a new offer for internet company Yahoo, despite Yahoo's share price currently sitting at less than half what Microsoft initially offered.

Speaking at a Committee for Economic Development of Australia lunch in Sydney on Friday, Ballmer said: "Look, we made an offer, we made another offer. It was clear that Yahoo didn't want to sell the business to us, and we moved on."

Ballmer said other deals with Yahoo had also been unsuccessful."We tried at one point to do a partnership around search, not advertising. That didn't work either, so we moved on, and they moved on."

"We are not interested in going back and re-looking at an acquisition," he said. "I don't know why they would be either, frankly."

When discussing the failed takeover, which if successful would have been one of the biggest takeovers in IT history, Ballmer said "they turned us down at $33 a share, move on."

Read the full article here.

That's actually a good thing in my opinion. microsoft has already became too big of a monopoly, and if they owned yahoo, I could see nothing but their ads everywhere. On top of that, more search results pointing to that Vista foolishness.