Source:TechCrunch
At around 4:30 California time today news broke that Microsoft has formerly withdrawn its offer to acquire Yahoo (see Ballmer’s email to Microsoft employees here).
Among other things, that ends a three month stock party where the market value of Yahoo jumped from about 26.2 billion to nearly $40 billion based on Microsoft’s offer to […]Source:TechCrunch
The following email was sent to all Microsoft employees from CEO Steve Ballmer at 5:17 pm PDT (see Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal):
From: Steve Ballmer
Date: May 3, 2008 5:17:30 PM PDT
To: “Microsoft - All Employees (QBDG)”
Subject: Withdrawal of Offer to Acquire Yahoo!
This afternoon I sent the attached letter [see […]
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