Google announced a non-exclusive advertising services agreement with Yahoo, only hours after a decision by Microsoft to walk away from talks to acquire Yahoo.
Earlier Thursday, Yahoo said that Microsoft was no longer willing to acquire it for $33 per share.
"The conclusion of discussions follows numerous meetings and conversations with Microsoft regarding a number of transaction alternatives, including a meeting between Yahoo and Microsoft on June 8 in which Chairman Roy Bostock and other independent Board members from Yahoo participated," Yahoo said.
"At that meeting, Microsoft representatives stated unequivocally that Microsoft is not interested in pursuing an acquisition of all of Yahoo, even at the price range it had previously suggested," the statement said.
Yahoo added that it determined that an acquisition of its search business alone by Microsoft was not in the best interest of its shareholders.
Microsoft said in a statement that it's not interested in "rebidding" for all of Yahoo, but that it was still open to an "alternative transaction" with the firm.
Microsoft had recently offered $35 a share for 16 percent of Yahoo as an alternative to an outright acquisition of the company, the Wall Street Journal reported.
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http://www.cnbc.com/id/25123299
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If MS acquire Yahoo, is it going to be a good deal for MS? Right now, MS are considered as Dinosaur Company like IBM, MS need to develop agility in business. I slightly agree that MS can leverage their current capabilities with internet company such as Yahoo.
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