Microsoft no more interested in Yahoo:Balmer
After the news of Yahoo pleding Microsoft in desperation to buy them out of the misery, Microsoft today cleared the air and said that they are not interested in them. Microsoft Chief Executive Steve Balmer made these comments two days after a rumor about an advance talk between Yahoo and Microsoft to sell the company. Yahoo has so far maintain a studied silence and said that the report was untrue.
Software giant Microsoft Corp on Friday dismissed speculation it might still be interested in a takeover of Internet firm Yahoo Inc.
"We made an offer, we made another offer...We have moved on," Microsoft Chief Executive Steve Balmer told a luncheon when asked for the firm's plans after a partnership between Yahoo and Google Inc fell through this week.
Microsoft had abandoned an unsolicited $47.5 billion bid for Yahoo in May.
Balmer's comments come two days after Yahoo shares surged on after a rumor posted on a blog said Yahoo and Microsoft were in advanced talks to sell the company for between $17 and $19 a share. The blog also reported that Yahoo's Chief Executive Jerry Yang would step down from his CEO position.