Microsoft seems prepared to walk away from Yahoo deal
BetaNews | at | by Mike
In the face of better-than-expected financial results last quarter for Yahoo, Microsoft now seems to be indicating that it is ready to move on. Over the past two days, CEO Steve Ballmer has made comments that Microsoft's offer for Yahoo will not change, and that the company will soon move on if necessary.
The most recent comments came Wednesday at a conference in Milan, Italy where he reiterated that his company's $44 billion offer for Yahoo properly valued the company, calling it "a lot of money."