Internet Business
Microsoft
Withdraws Bid for 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)