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Ending our agreement with Yahoo!
11/05/2008 07:00:00 AM
However, after four months of review, including discussions of various possible changes to the agreement, it's clear that government regulators and some advertisers continue to have concerns about the agreement. Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners. That wouldn't have been in the long-term interests of Google or our users, so we have decided to end the agreement.
[edited by: encyclo at 5:43 pm (utc) on Nov. 5, 2008]
[edit reason] added quote [/edit]
Very interesting reaction in Yahoo's Stock price to that news!
Not really. Now one of the major roadblocks for an acquisition by MSFT is gone. Not that Ballmer would be interested any longer (as he realized that integration of YHOO might be next to impossible for numerous reasons). Still some may speculate that it could happen.
Yahoo tells Microsoft: 'Buy us'
"To this day the best thing for Microsoft to do is buy Yahoo," said Mr Yang.
"I don't think that is a bad idea at all, at the right price whatever that price is. We're willing to sell the company," he told a packed ballroom at the Web 2.0 summit in San Francisco.
I was sitting here thinking of my reply when I realized that Nick Wilsdon over at Sphinn summed it up nicely...
Summer offer $33 per share. Current share price under $14. Look on Jerry's face when he realised he blew the sale at the top of the bubble - priceless.