Microsoft CEO rules out option to buyout Yahoo
Microsoft Corporation Chief Executive Officer Steve Ballmer said that his company has no plans to make another bid to buyout yahoo.
“We made an offer, we made another offer, and it was clear that Yahoo didn’t want to sell the business to us and we moved on .We are not interested in going back and re-looking at an acquisition. I don’t know why they would be either, frankly. They turned us down at 33 dollars a share, said Ballmer as published in a blog.
On the contrary,Yahoo Chief Executive, Jerry Yang said that Yahoo would welcome Microsoft if it was ever willing to offer another bid with the former.Yahoo made these remarks after Google stayed out of the ad deal with Yahoo after the Justice Department notified the two companies of an antitrust suit.
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