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Microsoft officially ends bid to buy Yahoo
Mercury News Reports: " The curtain appeared to come down Thursday on Silicon Valley's most popular business drama, as Microsoft Chairman Steve Ballmer confirmed that talks to acquire Yahoo have ended and a major shareholder advisory service said it was backing the Internet company's board. "It didn't work out," Ballmer said during Microsoft's annual presentation to analysts. "Fine. We're done. We can move on." RickMetrics Group, a subsidiary of ISS, one of the oldest and most influential advisory firms, endorsed Yahoo's board, which is up for re-election at the Aug. 1 annual meeting. "It's basically game over," said Joseph Grundfest, a Stanford University law professor and co-director of the Arthur and Toni Rembe Rock Center for Corporate Governance."
N4G.com  –  6 hours, 43 minutes ago  ¦  comment?
found in Technology: Video Games
Bits: Ballmer's Catch-22 Problem With Search Ads
In the hallways of Microsoft’s analyst conference Thursday, Steve Ballmer teased investors with talk of a top secret online innovation. He spoke later about a plan to put more ads on search pages.
New York Times  –  8 hours, 30 minutes ago  ¦  comment?
found in Technology
Senators Threaten Ban On 'Net Data Disclosures To Foreign Governments
Senators Dick Durbin and Tom Coburn ask Microsoft CEO Steve Ballmer, Yahoo CEO Jerry Yang, and Google chief Eric Schmidt to not help censor or repress Internet users.
Information Week  –  10 hours, 4 minutes ago  ¦  comment?
found in Technology: Internet
Never Say 'never'
Microsoft chief Steve Ballmer continued to give mixed messages about his pursuit of Yahoo! yesterday, saying the software giant is no longer in talks and is "done" with trying to acquire the Internet company. "Does that mean that nobody will ever...
New York Post  –  18 hours, 59 minutes ago  ¦  comment?
found in Business
Microsoft CEO backs Web spending, "done" with Yahoo
REDMOND, Washington (Reuters) - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.
Reuters  –  21 hours, 5 minutes ago  ¦  comment?
found in Technology: Internet
Microsoft to Spend $2.5 Billion a Year To Keep Pace in Race With Google
Microsoft plans to spend at least $2.5 billion a year for the foreseeable future to compete with Google because the opportunity in online advertising is too big to ignore, Microsoft chief executive Steve Ballmer said yesterday.
Washington Post  –  22 hours, 23 minutes ago  ¦  comment?
found in Technology
Internet: Veteran leaves in Microsoft shake-up
The head of Microsoft's Windows and web operations is leaving the Seattle-based software empire in a shake-up widely viewed as the fallout from the company's failed bid for internet portal Yahoo. Kevin Johnson, a senior lieutenant to Microsoft's chief executive, Steve Ballmer, is to become head of Juniper Networks, a manufacturer of telecoms equipment. His departure came as Microsoft told an analysts' briefing that it intended to make steep investments in online activities to try to keep pace with Google. Among Microsoft's initiatives is likely to be an expanded relationship with Facebook, in which it has a 1.6% stake. Johnson, who has been at Microsoft for 16 years, was instrumental in the company's recent $47.5bn (£24bn) takeover offer for Yahoo which floundered on disagreements over the valuation. He was one of a small group of Microsoft executives who worked to try to clinch the deal. Known within Microsoft as KJ, he presided over a department of 14,000 people responsible for the company's Windows operating system and for internet operations such as Hotmail and MSN search. Microsoft said the division would be split, with both the Windows and web operations reporting directly to Ballmer. "This new structure will give us more agility and focus in two very competitive areas," said Ballmer. Microsoft has faced criticism from analysts over its internet strategy. It has struggled to match the rapid rate of innovation and growth shown by Google. The precise reason for Johnson's departure was unclear. Matt Rosoff, an analyst at the independent consultancy Directions on Microsoft, said: "Whether it was his decision to leave, or whether it was based on recent events probably related to Yahoo and the online segment's last-quarter performance, I don't know." Johnson's exit comes amid big changes at Microsoft, where founder Bill Gates stepped down from day-to-day involvement last month to concentrate on philanthropy. In a company-wide email leaked yesterday to the technology blog All Things Digital, Ballmer told employees that the failure of the Yahoo deal was not a significant setback. "I want to emphasise the point I've been making all along - Yahoo was a tactic, not a strategy," wrote Ballmer, who said a takeover would have increased Microsoft's share of online search queries and created a bigger pool of advertisers. "Yahoo would have helped us get there faster. But we will get there with or without Yahoo."Related StoriesTwo wheelsBilly Bragg: Letters to music downloaders are a waste of timeDeerhoof leak new single in sheet-music formLimit mobile phone use, cancer expert tells staffClick to download: The Bee's knees
The Guardian  –  Jul 24, 2008 11:03 PM [GMT]  ¦  comment?
found in Technology
Ballmer: Yahoo Merger is Dead, Dead, Dead
A Yahoo acquisition would have helped Microsoft's bid to overtake Google in search, but any current merger plans are dead, Microsoft CEO Steve Ballmer said Thursday.
PC Magazine  –  Jul 24, 2008 9:02 PM [GMT]  ¦  comment?
found in Technology: Computer
Investing is still Microsoft's primary vista
Steve Ballmer, Microsoft's chief executive officer, made his case to Wall Street for Microsoft to make big new investments in the internet business, in spite of signs of internal upheaval in the wake of his failed bid for Yahoo this year
Financial Times  –  Jul 24, 2008 8:30 PM [GMT]  ¦  comment?
found in Business: Companies
Microsoft ‘Done’ With Yahoo; Expands Ad Deal With Facebook
Steve Ballmer said the company was “done,” for now, with pursuing Yahoo. Meanwhile, Microsoft announced that it will provide Web search and search advertising on Facebook pages.
New York Times  –  Jul 24, 2008 8:27 PM [GMT]  ¦  comment?
found in Technology