Yahoo CEO on hot seat after rebuffing Microsoft's $47.5B bid (AP...

Courtesy Ytop stories  Sun, 05/04/2008 - 3:00pm

In this May 4, 2007 file photo of Times Square news ticker flashes a headline about Microsoft above a billboard for Yahoo in New York.<br /><br />Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc.<br /><br />The decision to walk away from the deal came Saturday May 3, 2008 after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful.<br /><br />(AP Photo/Mark Lennihan, File)AP - Yahoo Inc. Chief Executive Jerry Yang has gotten what he wanted: a chance to prove his company is worth more than the $47.5 billion that Microsoft Corp. offered to buy the Internet pioneer.




 

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