Microsoft Ends Three-Month Bid for Yahoo

May 5, 2008  •  Post A Comment

Microsoft is reconsidering its Internet options after ending its three-month bidding effort for Yahoo after Yahoo demanded that Microsoft raise its $33 a share offer to $37 a share, the Wall Street Journal reports. Microsoft’s most recent bid was more than 70% more than Yahoo’s share price on Jan. 31, the last day of trading before Microsoft’s first offer. Meanwhile, Bill Miller, a portfolio manager at No. 2 Yahoo shareholder Legg Mason, said his company may have accepted as little as $34 a share for its Yahoo stock, the New York Times reports.
–Danny King


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