Microsoft officially withdrew its offer to acquire Yahoo on Saturday but only after it threw an additional US$5 billion on the table.
Yahoo on Monday responded to Microsoft's merger deadline, reiterating its rejection to the software giant's buyout bid as "substantially" undervaluing the company.
Yahoo announced on Tuesday that it will hold its annual shareholders meeting on 1 August, setting the stage for a contentious proxy battle with billionaire shareholder Carl Icahn.
After taking a one-two punch from investor activist Carl Icahn and Microsoft on Monday, Yahoo CEO Jerry Yang threw a few punches of his own in an interview in The Wall Street Journal on Wednesday.
Microsoft CEO Steve Ballmer today said that Microsoft was "not interested" in making a new offer for internet company Yahoo, despite Yahoo's share price currently sitting at less than half what Microsoft initially offered.
The Infocomm Development Authority of Singapore (IDA) has appointed the OpenNet consortium as the network company (NetCo) for the country's planned next-generation National Broadband Network (NBN).
With its multibillion-dollar Yahoo merger bid yanked from the table, the Microsoft chairman said at a Tokyo press conference on Wednesday that the software giant has no immediate plans to jump on another deal.
In these eBay days, buyer's remorse is increasingly common. Less common is the remorse of the unbought a sensation now widely reported among major Yahoo shareholders in the wake of Ballmer's retreat.
Microsoft went public on Friday with a US$44.6 billion cash-and-stock bid to acquire Yahoo.
Yahoo announced a non-exclusive partnership under which rival Google will supply it with some search ads, a move that could increase Yahoo search revenue but that also gives Google even more power in the market.
Having been informally rejected by Yahoo, the software maker is awaiting a formal rejection before going ahead with its next move, likely appointing its own slate of directors, a move that it has until 14 March to make.
2007 saw more key executives leaving their posts than those joining companies. We take a look at who left their hot seats last year and why.
Bill Gates points to Yahoo's engineers as the key thing that makes Yahoo worth more than US$40 billion to his company.
Optus owner SingTel is now on the hunt for a new chief after its group chief executive officer, Lee Hsien Yang, announced his resignation from a post he has held for more than a decade.
Independent directors of Cable & Wireless Optus have recommended SingTel's AU$17 billion takeover bid go ahead, easing its likely passage.
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