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Wired: Top Stories

• 

  Microsoft Withdraws Bid for Yahoo!

  Posted: May 3rd, 2008, 9:18pm EDT

  Tags:    [edit]

  Microsoft withdrew its $42.3 billion bid to buy Yahoo Saturday after last-ditch efforts to come to terms on a price proved unsuccessful. Microsoft was willing to pay $33 a share, but Yahoo wanted $37. "Clearly a deal is not to be," Microsoft CEO Steve Ballmer wrote in a letter to Yahoo.