Microsoft Drops Bid for Yahoo at izbrano

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Microsoft Drops Bid for Yahoo

BusinessWeek - Microsoft (MSFT) announced on May 3 it was dropping its unsolicited bid to buy Yahoo! (YHOO). The surprise move came after a day in which it appeared the two companies might be closing in on a price per share of Yahoo’s stock in the mid-30s, between Microsoft’s original $31-a-share, half-stock and half-cash offer and Yahoo’s original insistence on at least $40 a share.

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