Microsoft defeated by Yahoo!

The New York Times is reporting that Microsoft did offer $33 a share as I had previously mentioned. However, Yahoo! rebuffed the offer and counted that nothing less than $37 would be considered. As could be expected this led to an increase in MS shares while Yahoo! is sure to turn south.

Microsoft said it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price.

All things considered Yahoo! has finally awoken as a result of the battle. Once again they are sure to be taken seriously when planning long term use of technologies offered. Whether Flickr, MyBlogLog or UpComing developers can breath a sigh of relief. There had been secret whispers of the death of all things Yahoo! if the Microsoft Corp. took over.

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