Microsoft ends Yahoo takeover bid

Microsoft executives have said that they have now ended their bid to takeover Yahoo, which means that they will now have to find other ways to gain ground in online search.

Microsoft Corp. executives have now ruled against a acquisition of Yahoo Inc., they still acknowledge that Yahoo would have given them a much needed boost in the online search industry.

Latimes reports that Chief Financial Officer Chris Liddell has told Microsoft investors that the odds of a takeover were “so small as to be essentially negligible.” He said that both sides still continue to disagree about how much Yahoo is worth.

Liddell also added that the value of Yahoo is now declining, so the $33 per share that Microsoft had offered is no longer worth the price, so they are not willing to pay that.

Liddell has said that Microsoft will not get as far as they would like online, as they would if they had Yahoo.