World News

Microsoft drops $42.3 billion bid for Yahoo

Microsoft withdrew its $42.3 billion (¥4.4 trillion) bid to buy Yahoo on May 3.

Microsoft was willing to pay $47.5 billion (¥5 trillion), or $33 (¥3,500) per share, for Yahoo, but Yahoo was asking for at least $53 billion (¥5.6 trillion), or $37 (¥3,900) per share.

If Microsoft had agreed to Yahoo's demands, Yahoo would have doubled its stock price since Microsoft first made its bid three months ago.

Microsoft had hoped to topple online search and advertising leader Google by buying Yahoo. (AP)

Shukan ST: May 16, 2008

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