Microsoft's Gates plays down prospects of fresh Yahoo bid
AFP, May, 2008
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TOKYO (AFP) — Microsoft chairman Bill Gates on Wednesday played down the chances of a fresh takeover bid for Yahoo, saying the US software giant would focus on an independent strategy.
"We put a lot of effort into talking to Yahoo and the conclusion was reached that we should pursue our own independent path," he told reporters during a visit to Tokyo.
"At this point, Microsoft is focused on its independent strategy," he added.
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Microsoft on Saturday abandoned its proposal to acquire Yahoo after the struggling Internet giant rejected an increased offer of 33 dollars per share, nearly 50 billion dollars in total, after months of wrangling between the firms. ...
