Microsoft and Yahoo: Road to Nowhere - Feb. 8-Feb. 14
It could have been the deal of the century. It could have given Microsoft the online search and ad chops it doesn't have, not to mention firmer footing in the cloud. But it was not to be (at least not yet), as Microsoft withdrew its offer for Yahoo amid much waiting, threatening and gnashing of teeth all around. Here is how the dance to the denouement played out.
Feb. 8 Yahoo stock prices hit $29.04 per share.
Feb. 11 Yahoo's board rejects Microsoft's offer, saying the bid is too low.
Feb. 14 Reports claim that Yahoo has held talks with News Corp. about a possible merger, focusing on News Corp.'s MySpace.