Microsoft CEO to Yahoo: We’ve Moved On

Steve_Ballmer_CEO_Microsoft.jpgMicrosoft chief executive Steve Ballmer said last night while in Australia that a Yahoo acquisition is no longer under consideration—and that’s no matter what Jerry Yang may be saying to the press.

VentureBeat reports that Yahoo’s stock price has plummeted another 15 percent today, as reports of the “non-news” circulated around after rumors earlier in the week that the two companies were in fact talking again.

“Look, we made an offer, we made another offer,” Ballmer said yesterday at the Committee for Economic Development of Australia in Sydney. “It was clear that Yahoo didn’t want to sell the business to us, and we moved on… We tried at one point to do a partnership around search, not advertising. That didn’t work either, so we moved on, and they moved on.

“We are not interested in going back and re-looking at an acquisition,” he said. “I don’t know why they would be either, frankly.”

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!