Microsoft (MSFT) Dumps Yahoo! (YHOO)

Posted: May 3, 2008 at 7:49 pm

According to several sources, Microsoft (MSFT) has dropped its offer to buy Yahoo! (YHOO).

The Wall Street Journal writes that "Microsoft said it had increased its offer to $33 a share, but said Yahoo wanted at least $37 a share."

Executives at both firms had meetings several times over the last few days.

Douglas A. McIntyre

Read more: Mergers and Buy Outs, ,