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May 3, 2008
Microsoft Walks From Yahoo Bid
Microsoft is walking, it says, from its Yahoo bid. Not a surprise given the history and given Ballmer's confused approach, but it is an open questions whether this is mere stratagem, a "for keeps" move away from the entire transaction , or presages an eventual hostile follow-up.
The full release and letter are here. What a mess, one that reflects horribly on both firms -- and will likely eventually cost both CEOs their jobs.
[Update] Near as I can tell, Kara was among the first to have this, so credit to where credit is due.
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