Internet is saved, MS drops Yahoo bid
Posted by Mayank in BLOGGER, BLOGROLL, CULTURE, INTERNET
After almost three months internet was threatened (MS bids $44 million for Yahoo) , i(we?) can breathe a sigh of relief now that Microsoft has dropped its plan of acquiring Yahoo. Three months ago, MS valued Yahoo at $31 per share, gradually increased it to $33 a share but Yahoo dint go below $37 for every share and were adamant on their demands.
Microsoft also dint like Yahoo’s eagerness to build better relations with MS’s arch rival, (and mine,yours and Tom,Dick & Harry’s fav) Google.
Kudos to Yahoo for not bowing to MS’s pressure.
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