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Microsoft's Ballmer: Read My Lips—No Bid For Yahoo

Submitted by Prescott on Wed, 11/19/2008 - 2:27pm.

In case you didn't believe him the first 20 times, Microsoft (NSDQ: MSFT) CEO Steve Ballmer repeated today at the company's annual shareholders' meeting that he has no intention of making another offer for Yahoo (NSDQ: YHOO). Ballmer's words, reported by MarketWatch: "Let me be as clear as I think I've tried to be publicly: We are done with all acquisition discussions with Yahoo. We have moved on."

Ballmer also repeated that a potential search deal could be "an interesting opportunity." Not clear whether he means acquiring Yahoo's search business, as he tried to do after the full-monty bid failed, or some other arrangement. Meanwhile, Yahoo's stock price, boosted by the notion that Jerry Yang's departure as CEO signaled a Ballmer reversal, is coming back down, dropping more than 17 percent to $9.57 as I type. 

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About Prescott


Prescott Shibles has served as Vice President of New Media for Penton Media, Prism Business Media and Primedia Business. Prescott's expertise covers search engine optimization, email marketing, online content strategy, writing for the web, online advertising sales, and vertical search.

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