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Microsoft’s Ballmer: Read My Lips—No Bid For Yahoo

imageIn case you didn’t believe him the first 20 times, Microsoft (NSDQ: MSFT) CEO Steve Ballmer repeated today at the company’s annual shareholders’ meeting that he has no intention of making another offer for Yahoo (NSDQ: YHOO). Ballmer’s words, reported by MarketWatch: “Let me be as clear as I think I’ve tried to be publicly: We are done with all acquisition discussions with Yahoo. We have moved on.”

Ballmer also repeated that a potential search deal could be “an interesting opportunity.” Not clear whether he means acquiring Yahoo’s search business, as he tried to do after the full-monty bid failed, or some other arrangement. Meanwhile, Yahoo’s stock price, boosted by the notion that Jerry Yang’s departure as CEO signaled a Ballmer reversal, is coming back down, dropping more than 17 percent to $9.57 as I type.

Photo Credit: DBegley

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Nov 19, 2008 1:08 PM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Microsoft, Yahoo, steve ballmer

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