According to CNN Money, Microsoft has officially withdrawn its bid to buy Yahoo today. Microsoft had apparently increased their buyout offer to $33 dollars a share, which is roughly 70% above its original offer despite declining stock prices of both Microsoft and Yahoo.

Microsoft CEO Steve Ballmer had this to say:
‘After careful consideration, we believe the economics demanded by Yahoo do not make sense for us…’


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Jerry Paxton

A long-time fan and reveler of all things Geek, I am also the Editor-in-Chief and Founder of