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Microsoft withdraws its bid leaving Yahoo hanging May 3, 2008

Posted by chetan in : US Wireless Market , trackback

Fed up with the whole process Steve Ballmer withdrew his bid for Yahoo. This leaves Yahoo a weaker company admitting defeat in a number of areas. Though it can rebuild itself, it will require a new leadership and with some of the smartest folks already out of the company, the challenge will be enormous. This deal might take place a few months from now at a much lower price.

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