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Microsoft abandons Yahoo bid after sides can't agree on acceptable sales price
Microsoft was willing to pay $47.5 billion, or $33 per share, up from the bid's current value of $31.00 per share, according to a letter from Microsoft Chief Executive Steve Ballmer to Yahoo Chief Executive Jerry Yang.
But Yahoo demanded at least $53 billion, or $37 per share, according to Ballmer. That would have been nearly double Yahoo's stock price of $19.18 at the time Microsoft first made its bid a little over three months ago.
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