Earlier today we covered how the Microsoft and Yahoo thing might actually go through, or go bust altogether. Long story short: Microsoft withdrew its offer.
Three months after everyone went bananas because Microsoft put out the bid to buy Yahoo, Ballmer finally says it's "in the best interest of Microsoft" to withdraw its bid. And probably in the best interest of, and great relief to, Yahoo product users who thought Microsoft would ravage all that was good about the services and turn Flickr into some sort of Microsoft Photo Share Premium Family Live while Yahoo Mail would spend eternity as Hot Live Yahoo Mail. Microsoft shareholders who didn't think the bid was a good idea in the first place are probably pretty happy too. And Google. And probably a lot of other people.
So what does the future look like for Microsoft? Keep going of course, says Ballmer: "While Yahoo would have accelerated our strategy, I am confident that we can continue to move forward toward our goals." And Yahoo will probably have to deal with lawsuits from disgruntled shareholders that thought this was a really good idea.
And, if the details of this drama intrigue you, read the whole "not to be" letter from Ballmer to Yang.
[via paidContent]
Three months after everyone went bananas because Microsoft put out the bid to buy Yahoo, Ballmer finally says it's "in the best interest of Microsoft" to withdraw its bid. And probably in the best interest of, and great relief to, Yahoo product users who thought Microsoft would ravage all that was good about the services and turn Flickr into some sort of Microsoft Photo Share Premium Family Live while Yahoo Mail would spend eternity as Hot Live Yahoo Mail. Microsoft shareholders who didn't think the bid was a good idea in the first place are probably pretty happy too. And Google. And probably a lot of other people.
So what does the future look like for Microsoft? Keep going of course, says Ballmer: "While Yahoo would have accelerated our strategy, I am confident that we can continue to move forward toward our goals." And Yahoo will probably have to deal with lawsuits from disgruntled shareholders that thought this was a really good idea.
And, if the details of this drama intrigue you, read the whole "not to be" letter from Ballmer to Yang.
[via paidContent]
