Microsoft Corp. announced that it has withdrawn its proposal to acquire Yahoo! Inc. The goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees. After raising the bid by roughly $5 billion, Yahoo! did not move toward accepting the offer so Microsoft withdrew. Microsoft is investing heavily in new tools and web experiences and will continue to build its scale through organic growth and partnerships.
(www.yahoo.com, www.microsoft.com )