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Old 05-04-2008, 08:00 AM   #1
LXer
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LXer: Microsoft abandons Yahoo bid


Published at LXer:

.Microsoft Corp. withdrew its $42.3 billion bid to buy Yahoo Inc. on Saturday, scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc. The decision to walk away from the deal came after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful.

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