We've all heard the big news of the weekend, Microsoft (MSFT) has withdrawn their offer to Yahoo (YHOO). TechCrunch has a great summary of the events that have transpired.
Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal: Microsoft withdraws their February 1 offer, won’t go above $33/share and Yahoo wants $37. The post also includes a letter from Microsoft CEO Steve Ballmer to Yahoo CEO Jerry Yang delivered today.
Email From Steve Ballmer To All Microsoft Employees: Leaked email from Steve Ballmer to all Microsoft employees that we got our hands on. He explains the deal news to the troops
Yahoo’s Tough Week Ahead: Yahoo faces a bleak world next week; look for the stock price to tank. Do they have a backup deal with Google?
Yahoo Responds: “The distraction of Microsoft’s unsolicited proposal now behind us”: Yahoo issues a press release suggesting relief that the pesky Microsoft distraction is behind them.
Optionally, skip all the above and just read CNET’s cartoon summary of today’s happenings:
Bet you didn't see that one coming. Or is this just a negotiation ploy by Microsoft. Regardless its going to be an interesting week in the Search industry.
UPDATE: Danny Sullivan over at Search Engine Land had some tremendous insight with his thoughts on the latest developments between Yahoo and Microsoft.
Labels: Microsoft Yahoo merger