BrandRepublic: Microsoft says no to Yahoo! acquisition but open to search deal

20 November 2008

WASHINGTON - Microsoft chief executive Steve Ballmer sent Yahoo!'s share price plummeting yesterday after reiterating to investors at the software giant's annual meeting that he was not interested in an outright acquisition of the internet firm.

Ballmer told shareholders that Microsoft had no plans to acquire Yahoo!

He said: "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."

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