Microsoft and Yahoo: Road to Nowhere - May 3-May 6

By Debra Donston  |  Posted 2008-05-07 Print this article Print
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May 3 Yang calls the Microsoft proposal "a distraction" that Yahoo can put behind it.
May 5 The Monday after Microsoft's weekend withdrawal, Yahoo's stock price drops about 16 percent.
May 5 Two public pension funds pledge to pursue a class-action lawsuit against Yang and the other members of the Yahoo board of directors, seeking financial redress for what they claim is the Yahoo directors' breach of fiduciary duties in rebuking Microsoft's proposal.

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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