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Yahoo! Dumps Microsoft in Online Romcom breakdown

Microsoft has issued a stern and concise statement about the whole Yahoo acquisition saga which effectively ends the buying process although Microsoft is still keeping an open mind on future options.

"In the weeks since Microsoft withdrew its offer to acquire Yahoo!", says the statement, "the two companies have continued to discuss an alternative transaction that Microsoft believes would have delivered in excess of $33 per share to the Yahoo! shareholders".

The statement continues, "This partnership would ensure healthy competition in the marketplace, providing greater choice and innovation for advertisers, publishers and consumers."

It ends by saying "Microsoft was not interested in rebidding for all of Yahoo!. Our alternative transaction remains available for discussion."

Yahoo" also issued its own statement, dismissing the proposed acquisition of Yahoo's search business by Microsoft; Yahoo!'s Board of Directors concluded, after careful evaluation, that "such a transaction would not be consistent with the company's view of the converging search and display marketplaces".

And it also throws an interesting piece of information; in a meeting between Yahoo! and Microsoft on the 8th of June, the latter officially gave up on acquiring all of Yahoo!, "even at the price range it had previously suggested".

Well, both statements appear to be a tacit pre-nuptial divorce agreement, an agree-to-disagree affirmation.

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.