Microsoft and Yahoo: Road to Nowhere - April 26-May 3

By Debra Donston  |  Posted 2008-05-07 Print this article Print
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April 26 The three-week deadline passes without a Yahoo response.
May 3 Microsoft withdraws its bid for Yahoo. In a letter to Yahoo CEO Jerry Yang, Microsoft CEO Steve Ballmer writes, "After giving this week's conversations further thought, it is clear to me that it is not sensible for Microsoft to take our offer directly to your shareholders. This approach would necessarily involve a protracted proxy contest and eventually an exchange offer. Our discussions with you have led us to conclude that, in the interim, you would take steps that would make Yahoo undesirable as an acquisition for Microsoft."

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.

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