Microsoft withdraws offer to buy Yahoo
Saturday, May 10th, 2008Microsoft will focus on growing its own online advertising and internet search business, including MSN, after it withdrew its takeover offer for Yahoo.
Microsoft will focus on growing its own online advertising and internet search business, including MSN, after it withdrew its takeover offer for Yahoo.
Just two months ago, Google’s stock was down 45% percent, and Yahoo and MSN appeared ready to combine forces, but as it stands today Google’s stock is hot and Microsoft has decided to stop trying to purchase Yahoo.