Following is the verbatim text of the letter from Microsoft’s Steve Ballmer to Yahoo’s Jerry Yang. The source of this letter is Microsoft.
May 3, 2008
Mr. Jerry YangCEO and Chief YahooYahoo! Inc.701 First AvenueSunnyvale, CA 94089
Dear Jerry:
After over three months, we have reached the conclusion of the process regarding a possible combination of Microsoft and Yahoo!.
I first want to convey my personal thanks to you, your management team, and Yahoo!’s Board of Directors for your consideration of our proposal. I appreciate the time and attention all of you have given to this matter, and I especially More»

Labels: merger, Microsoft, msft, Yahoo, YHOO

Microsoft has walked away from the merger talks with Yahoo after the two companies failed to reach agreement on price per share. Microsoft had increased their original offer of $31 per share in cash and stock exchanges to $33 per share (I’m not clear if that $33 took into account Microsoft’s lower price since the initial offer or did not factor that in). Most reports said that Yahoo eventually indicated they would sell for $37 per share.
My take on this is that this is a clever strategic move by Ballmer and Microsoft who I think More»

Labels: ballmer, merger, Microsoft, msft, Yahoo, yang, YHOO