Internet Business

Microsoft Withdraws Bid for Yahoo

Yahoo!Microsoft's decision to abandon its pursuit of Yahoo is not necessarily the last chapter in the three-month-old saga. If Yahoo's shares fall significantly, the company will be under intense pressure to act, and may choose to resume negotiations. Earlier this year, under intense shareholder pressure, BEA Systems did just that, agreeing to a takeover by Oracle soon after Oracle dropped an unsolicited offer it had made for BEA... full story


By MIGUEL HELFT & ANDREW ROSS SORKIN
Story from The New York Times
(Published: May 4, 2008)